January Same-Store Retail Sales Coming This Week
February 4, 2013 by Paul AusickSame-store sales at specialty retailers like Gap Stores Inc. (NYSE: GPS), Ross Stores Inc. (NASDAQ: ROST) and The TJX Companies Inc. (NYSE: TJX) are expected to rise 3.1%, compared with a same-store sales rise of 4.1% in January 2011. Kohl’s Corp. (NYSE: KSS) is expected to post a gain of 3.0%.
Big-box retailers Costco Wholesale Corp. (NASDAQ: COST) and Target Corp. (NYSE: TGT) have experienced a drop of 10 and 30 basis points, respectively, in expectations. The projection for the entire discount group is now 2.9%.
Teen retailers, as a group, are expected to post a decline of 1.6% in same-store sales, while department stores are set to post the largest gain, 4.4%. Among the teen retailers, the largest decline is forecast for Aeropostale Inc. (NYSE: ARO), down 8%, followed by Wet Seal Inc. (NASDAQ: WTSLA), down 6%, and Abercrombie & Fitch Co. (NYSE: ANF), down 2.4%. American Eagle Outfitters Inc. (NYSE: AEO) is projected to post a gain of 4.9%.
Among the department stores, J.C. Penney Co. Inc. (NYSE: JCP) is expected to see a decline of 26.2%, while Macy’s Inc. (NYSE: M) is projected to post a gain of 4.8% and Nordstrom Inc. (NYSE: JWN) should see a gain of 5.7%.
Wal-Mart Stores Inc. (NYSE: WMT), though it does not report monthly sales, is expected to post a gain of 1.9%, while PriceMart Inc. (NASDAQ: PSMT) is touted for a 9.5% gain. Family Dollar Stores Inc. (NYSE: FDO) is expected to see an increase of 4.7% in same-store sales and Stein Mart Inc. (NASDAQ: SMRT) is expected to gain 5%.
The agreement in Washington that dodged the fiscal cliff has helped sales, as has some cooler weather. But low levels of consumer confidence and the rise in payroll taxes are weighing down expectations for a big jump in January sales.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.