Retail sales topped expectations

Retailers helped lift the markets after beating many of analysts’ expectations.  Numbers include an in-line 1% drop for Gap, a better-than-expected 18% for Abercrombie and Fitch, 7% growth for TJX and a percent above that for Ross Stores.   Department store Macy’s recorded sales 2.3% lower, half the drop that was expected while JC Penney saw another 1.4% lower sales.  Kohl’s beat the flat forecast by seeing sales grow 5.5%. Victoria Secret maker Limited Brands surprised analysts with a increase, one not seen since Augusut of 2007.

More numbers:

  • Saks was lower 11.6%
  • Nordstrom was better with 2.4% drop
  • Target saw another 1.7% decline
  • Dillard’s slid 6%
  • BJ’s Wholesale fell 0.5%
  • Aerospostale comp sales rose 19%
  • American Eagle sales were flat
  • American Apparel reported a still bad 15% decline
  • bebe had one of the worst with 23.6% decrease
  • Wet Seal lost just another 4.5% in sales

A story on retail sales here.

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