Winners and Losers Are Clear Again in September Retail Sales Results
September retail sales results are in. Let’s examine the winners and losers.
JCP
Weaker Consumer Confidence Doesn’t Impact August Retail Sales
Though consumer confidence fell in August, it didn’t impact retailers. We dig into the numbers.
The Gap is Back…But We’re Not Chasing It Here
Retailer Gap (click ticker for report: ) shrugged off sluggish international demand to post another strong quarter Thursday. For its second quarter, the retailer grew sales 6% from the same period a year ago, to $3.6 billion, north of consensus expectations. Earnings per share increased 40% to $0.49, which was also better than consensus estimates. The firm hiked its 2012 bottom-line earnings per share guidance range to $1.95-$2.00, a meaningful increase from its previous range of $1.78-$1.83. Other than its international segment, Gap is firing on all cylinders. Systemwide same-store sales grew 4% year-over-year, despite a 5% decline in the international division. Though Gap North America and Banana Republic lapped negative comparisons, both segments grew 7%. Management noted trends regarding … Read more
Is Sears the Ultimate Value Stock?
We don’t think so, but we assess the retailer after its weak second quarter results and bullish commentary from Bruce Berkowitz.
Ross Stores Posts A Strong Second Quarter
Discounter Ross Stores posted strong second-quarter results, but shares are too rich for our liking.
Strong Results Across the Retail Spectrum: Michael Kors, TJ Maxx and Saks
Brand names continue to drive results in the retail sector.
Ron Johnson’s JC Penney Plan Continues to Transform Stores
JC Penney reported another abysmal quarter Friday, but CEO Ron Johnson contends that it’s all part of the plan.
Kohl’s Sales and Earnings Fall
Department store Kohl’s is struggling to grow sales, as demonstrated by weakness in its second quarter.
Macy’s Posts a Solid Second Quarter
Macy’s reported a solid second quarter, but we think shares are fairly valued.
June Same Store Sales Actually Weren’t Bad
Though a few companies fell short of expectations, we thought June same-store sales numbers were mostly positive. We think lower energy prices may have reinvigorated the US consumer during the month.