Stein Mart, Inc (
SMRT) comparable store sales in January declined 16.7%. Total sales fell 17.2% to $67.1 million from $81.0 million in the same month last year.
Sales in 52 weeks period for the year were $1.33 billion compared to $1.46 billion an decrease of 9%. Comparable sales for the year-to-date for 52 weeks fell 10.9%.
Discount Apparel Sales Rise
The TJX Companies, Inc. (
TJX) January sales decreased 6% to $1.0 billion from $1.1 billion in the month a year ago.
For the 52 weeks ended January 31, 2009 sales increased to $18.7 billion up 2% from a year ago. Comparable store sales five-week period ended January 31, 2009 fell 4% compared to 1% increase in the same period a year ago on a constant currency basis.
The company expects fourth quarter diluted earnings per share from continuing operations to be in the range of $0.53 to $0.54. For the fiscal 2009 diluted earnings per share from continuing operations to be in the range of $2.02 to $2.03.
Ross Stores, Inc (
ROST) January sales increased 4% to $365 million compared to the $350 million a year ago. Same store sales fell 2%.
For the 52 weeks ended January 31, 2009, sales rose 9% to $6.486 billion from $5.975 billion in the prior year period. Comparable store sales increased 2%.
The company forecast earnings per share for the thirteen weeks ending January 31, 2009 in range of $.75 to $.76.
Walgreen Sales Rise
Walgreen Company (
WAG) reported January sales increased 5.3% to $5.22 billion from $4.96 billion a year ago period. Comparable same stores rose 0.4% and at front-end of the stores sales declined 0.9%.
Total pharmacy sales increased 5.0% while comparable pharmacy sales increased 1.0%. Comparable pharmacy sales were negatively impacted by 2.2% points due to generic drug introductions in the last 12 months. Total prescriptions filled at comparable stores increased 1.6%.
Walgreens opened 23 stores during January, including four relocations, acquired four stores and closed one.