Almost two-thirds of the 52 retailers reported lower-than-expected sales. Wal-Mart Stores Inc. (
WMT: chart) said Thursday its February same-store sales rose 0.9%, missing estimates of an increase by 1.5%. Total company sales for the four weeks ended March 2 rose 8.1% to $26.79 billion. The retailer projected March same-store sales are to rise between 1% and 2%. Among other discounters, warehouse retailer Costco Wholesale (
COST: chart) reported 4% in its February same-store sales, missing the average analyst estimate of 5.1% growth. In contrast, Target Corp. (
TGT: chart) posted healthy sales growth of 5.7%.
Limited Brands Inc. (
LTD: chart) said Thursday its February same-store sales rose 3%, coming shy of analyst estimates of same-store sales increase by 4%. Net sales for the four weeks ended March 3 rose to $730.5 million from $635.8 million. Federated Department Stores (
FD: chart) said same-store sales for February rose 1.2%, below its previous forecast of a 2% to 3% rise.
Bebe Stores (
BEBE: chart) posted a 2.2% decline in same-store sales, its first monthly decline in 46 months, down from expectations of a 2.2% gain. Pacific Sunwear of California (
PSUN: chart) announced a 5.7% decline in its February sales at stores open at least one year, missing the average analyst expectations of same-store sales drop of 3.7%.Total sales for the four weeks ended March 3 rose 1.2% to $88.7 million. Pier 1 Imports (
PIR: chart) said its February same-store sales slipped 8.4%. Analysts had expected comparable-store sales to drop 4.4%. Total sales reached $120.5 million, an increase of 14.3%.
Sharper Image Corp. (
SHRP: chart) said Thursday its February same-store sales plunged 24%, coming in below forecast of a 16.7% decline. Total sales for the month ended Feb. 28 fell 29% to $22.1 million. The Gap (
GPS: chart) said same-store sales fell 4% in February, beating estimates of a drop of 4.8% for the month. Total sales for the four weeks ended March 3 slumped 5% to $910 million from $865 million in the same period a year earlier.
Meanwhile, high-end stores continued to shine. Luxury retailer Nordstrom (
JWN: chart) reported a 9.1% jump in same-store sales in February, beating the 5.7% estimate. Saks (
SKS: chart) posted remarkably higher increase- 24.7% increase compared with estimates of 6.4% gain. Kohl’s Corp. (
KSS: chart) handily beat the 2.9% gain estimate with an increase of 4.4%. McDonald’s (
MCD: chart) posted February same-store sales increase of 5.7%.
| 2007 SAME-STORE SALES |
| Company | Ticker | January | February | March | April | May | June | July |
| Apparel Retailers |
| Abercrombie & Fitch | ANF | -6.00% | -6.00% | | | | | |
| Aeropostale | ARO | 5.40% | 2.30% | | | | | |
| AmericanEagle | AEOS | 17.00% | NA | | | | | |
| AnnTaylor | ANN | -10.20% | -2.90% | | | | | |
| Bebe | BEBE | 0.80% | -2.20% | | | | | |
| Buckle | BKE | 7.80% | 4.50% | | | | | |
| Cato | CTR | -7.00% | 0.00% | | | | | |
| CharmingShoppes | CHRS | NA | NA | | | | | |
| Chico's | CHS | -3.50% | -4.30 % | | | | | |
| Children'sPlace, The | PLCE | 3.00% | 5.00% | | | | | |
| Christopher & Banks | CBK | -4.00% | -13.00% | | | | | |
| CitiTrends | CTRN | 3.20% | NA | | | | | |
| Claires | CLE | 3.00% | 1.00% | | | | | |
| DebShops | DEBS | -3.80% | -2.00% | | | | | |
| Dillards | DDS | -3.00% | -9.00% | | | | | |
| DressBarn | DBRN | 8.00% | 0.00% | | | | | |
| Federated Dept. | FD | 8.60% | 1.20% | | | | | |
| Gap | GPS | 0.00% | -4.00% | | | | | |
| Gottschalks | GOT | -1.00% | -3.60% | | | | | |
| Guess | GES | NA | NA | | | | | |
| Gymboree | GYMB | 0.00% | 1.00% | | | | | |
| Hot Topic | HOTT | -6.60% | -2.70% | | | | | |
| J.C.Penney | JCP | 3.60% | -0.20% | | | | | |
| Jo-AnnStores | JAS | -6.30% | NA | | | | | |
| Jos.A.Bank | JOSB | -4.70% | 2.80% | | | | | |
| Kohl's | KSS | 8.70% | 4.40% | | | | | |
| LimitedBrands | LTD | 11.00% | 3.00% | | | | | |
| Men'sWearhouse | MW | NA | NA | | | | | |
| MotherWorks | MWRK | -6.00% | -4.70% | | | | | |
| Nordstrom | JWN | 11.00% | 9.10% | | | | | |
| Pacific Sunwear | PSUN | -7.70% | -5.70% | | | | | |
| Ross Stores | ROST | 2.00% | 1.00% | | | | | |
| Saks | SKS | 11.40% | 25.00% | | | | | |
| SteinMart | SMRT | -1.90% | -1.90% | | | | | |
| Talbots | TLB | NA | NA | | | | | |
| TJX | TJX | 4.00% | 2.00% | | | | | |
| Drug Stores |
| CVS | CVS | 8.60% | 7.00% | | | | | |
| Walgreen | WAG | 10.80% | 8.60% | | | | | |
| Wholesale Stores |
| BJ's Wholesale Club | BJ | 3.50% | 3.00% | | | | | |
| Costco | COST | 2.00% | 4.00% | | | | | |
| Family Dollar | FDO | 0.10% | -0.50% | | | | | |
| Shoe Stores |
| DSW | DSW | NA | NA | | | | | |
| Payless Shoesource | PSS | NA | NA | | | | | |
| FinishLine | FINL | NA | NA | | | | | |
| Discount Retailers |
| Target | TGT | 5.10% | 5.70% | | | | | |
| Wal-Mart Stores | WMT | 2.20% | 0.90% | | | | | |
| Pier1 Imports | PIR | -13.20% | -8.40% | | | | | |
| Sharper Image | SHRP | -25.00% | -24.00% | | | | | |
| Miscellaneous |
| BigLots | BIG | NA | NA | | | | | |