March Retail Sales Look Strong (TGT) (M) (JCP)
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As today is the first Thursday of the month, U.S. retailers issued retail sales results for the month of March.
While the majority of companies posted better-than-expected same-store sales figures for last month, a number of retailers marked drops in the closely-watched metric.
Retail Metrics' said retail sales for the month of March rose 2.2%, vs. the firm's estimate of down 0.5%.
Retailers in the Teen Apparel and Discount segments reported the strongest comparable sales.
Below is a summary of the monthly retail sales results:
While the majority of companies posted better-than-expected same-store sales figures for last month, a number of retailers marked drops in the closely-watched metric.
Retail Metrics' said retail sales for the month of March rose 2.2%, vs. the firm's estimate of down 0.5%.
Retailers in the Teen Apparel and Discount segments reported the strongest comparable sales.
Below is a summary of the monthly retail sales results:
- Target (NYSE: TGT) - down 5.5%
- Costco (Nasdaq: COST) - up 8%
- JCPenney (NYSE: JCP) - down 0.3%
- Macy's (NYSE: M) - up 0.9%
- Gap (NYSE: GPS) - down 10%
- Kohl's (NYSE: KSS) - down 6.5%
- TJX (NYSE: TJX) - down 1%
- Limited (NYSE: LTD) - up 14%
- The Buckle (NYSE: BKE) - up 8.4%
- Zumiez (Nasdaq: ZUMZ) - up 8.9%
- Hot Topic (Nasdaq: HOTT) - down 5%
- BJ's Wholesale (NYSE: BJ) - up 5.3%
- Saks (NYSE: SKS) - up 11.1%
- Nordstrom (NYSE: JWN) - up 5.1%
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