Feb. Same-Store Sales Expectation Move Higher (TGT, LTD, ROST, SKS, JWN, ZUMZ)
Retail Metrics is out with its preliminary expectation for February same-store sales data to be released later in the week. Keep in mind that February has an extra day compared to 2011 because of Leap Year, but the expectations are…
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The Retail Metrics analysis has lifted expectations for Target Corporation (NYSE: TGT), Limited Brands, Inc. (NYSE: LTD), Ross Stores Inc. (NASDAQ: ROST), Saks Inc. (NYSE: SKS), Nordstrom Inc. (NYSE: JWN), and even Zumiez Inc. (NASDAQ: ZUMZ).
The report said, “As noted in previous reports, several catalysts gave rise to solid traffic and conversion levels throughout the month. Merchandise and food sales were strong around Super Bowl weekend at the beginning of the month. Valentine’s Day related gift selling looked to be quite good with the National Retail Federation calling for a high-single digit increase in sales.”
JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
