How Are Retailers Faring This Winter?

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Though the results are modestly mixed, a modest share of U.S. retailers have seen monthly sales improve in January. The reasoning suggested for the improvements is varied, and in one case is also the reason some sales may have declined.

Costco Wholesale Corp (NASDAQ:COST), Limited Brands Inc (NYSE:LTD), Zumiez Inc (NASDAQ:ZUMZ), and Stage Stores Inc. (NYSE:SSI) also managed to pull in stronger sales than they were predicted to get. Costco saw same-store sales and sales at stores open more than a year rise 4 percent, beating the 3.9 prediction of Wall Street. Limited brands was aided by its Victoria’s Secret stores.

Your 1 Feature Stock Pick for February is hot off the press. Click here to discover it now!

Analysts’ expectation for January were for a 3.5 percent increase in same-store sales across a selection of 18 different retailers — this compares to 4.4 percent growth the same time last year. Two large drugstore chains, Walgreen Co. (NYSE:WAG) and Rite-Aid Corp. (NYSE:RAD), were not included in the sales growth forecast.

Not all retail chains have fared well. Cato Corp. (NYSE:CATO), Bon-Ton Stores Inc. (NASDAQ:BONT), Buckle Inc. (NYSE:BKE), and Wet Seal INC (NASDAQ:WTSLA) all reported less enthusiastic sales, with Cato Corp. reporting a drop in same-store sales of 12 percent for the month…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business