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Jump Analysis: 
Largely Weak November Sales from Retailers
Author: 123jump.com Staff
123jump.com
Last Update: 9:30 AM EST December 02 2006



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Wal-Mart Stores, Costco Wholesale Club and J.C. Penney posted weaker-than-expected numbers. Wal-Mart said its November same-store sales fell 0.1%, slightly below the flat numbers expected. The world''''''''s biggest retailer projected flat to 1% higher comparable store sales in December. Costco Wholesale reported same-store sales rise of 5%, slightly down from the anticipated 5.7% increase. Limited Brands reported same-store sales jump of 12%, exceeding estimates of 7.8%.

 
Limited Brands Inc. (LTD: chart) reported November same-store sales increase of 12%, exceeding estimated figure of 7.8%. Target Corp. (TGT: chart) said that its November sales at stores open at least one year rose 5.9%, slightly above expectations of 5.7% increase. Total sales for the month rose 11.7% to $5.12 billion.

Nordstrom (JWN: chart) said Thursday that November same-store sales rose 5.4%, meeting analysts'' average estimate. Total sales gained 6.1% to $749.4 million.

Costco Wholesale Corp., (COST: chart), warehouse retailer, reported November same-store sales up 5%, slightly below estimates of 5.7%. Costco same-store revenue in November rose 4% in the U.S. and 10% internationally. Company’s total sales climbed 9% to $4.84 billion. Comparable-store sales for the 13 weeks through Nov. 26 climbed 4%, while total sales rose 8% to $14.99 billion. Bebe ((BEBE)0, women’s-wear retailer, also fell short of estimates, with same-store sales that were up 5.8% below the 7.9% expected

Wal-Mart (WMT: chart) said Thursday its November sales at U.S. stores open at least one year fell 0.1%. Analysts had been expecting the retailer to post flat same-store sales numbers. Total sales for the four weeks rose 11.9% to $28.57 billion from $25.53 billion. The world''s biggest retailer projected flat to 1% higher comparable store sales in December.

Ann Taylor Stores Corp. (ANN: chart), women''s clothing retailer, announced its November same-store sales fell 4.3%, down from the expected drop of 2.3%, blaming unusually warm weather for the season. Net sales rose 2.1% to $186.4 million. The Gap (GSP: chart) reported on Thursday that November same-store sales fell 8%, lower than the forecast for a drop of 5.4%.Teen clothing retailer Abercrombie & Fitch Co. (ANF: chart) posted a 3% decline in November same-store sales, lower than the expected 3% increase.


2006 SAME-STORE SALES
CompanyTickerNovemberOctoberSeptemberAugest July JuneMay
Apparel Retailers
Abercrombie & FitchANF-3.00-3.00%10.00%6.00%3.00%-4.00%3.00%
AeropostaleARO1.005.60% 8.50%3.30%-1.90%5.30%-1.10%
AmericanEagleAEOS14.008.00%19.00%11.00%7.00%11.00%11.00%
AnnTaylorANN-4.30-0.05%5.80%1.90%5.10%12.50%12.00%
BebeBEBE5.808.20%15.30%12.50%10.00%3.50%1.60%
BuckleBKE4.201.70%8.70%-8.50%5.90%-5.90%-3.80%
CatoCTR-6.00-5.00%3.00% 4.00%1.00%-3.00%-2.00%
CharmingShoppesCHRSNANANANANANANA
Chico'sCHSNA-4.10%2.10%-2.60%4.90%5.10%7.20%
Children'sPlace, ThePLCE12.0010.00%20.00%12.00%15.00%14.00%18.00%
Christopher & BanksCBK-8.00-3.00%9.00%5.00%10.00%10.00%8.00%
CitiTrendsCTRN1.80-4.00%8.30%13.70%7.70%4.30%10.80%
ClairesCLE0.00-1.00%1.00%1.00%2.00%2.00%4.00%
DebShopsDEBSNA-10.00%6.80%-7.70%-9.60%-4.90%1.40%
DillardsDDS3.00-5.50%0.00% -1.00% -3.00%-1.00%3.00%
DressBarnDBRNNA5.00%13.00%2.00%5.00%6.00%9.00%
Federated Dept.FD8.507.70%6.20%3.80%3.30%1.70%9.20%
GapGPS-8.00-7.00%-3.00%-7.00%-4.00% -6.00%-6.00%
GottschalksGOT -0.901.40%1.00%-1.10%-0.70%0.30%2.80%
GuessGES12.10NA11.30%4.00%10.70%11.70%20.00%
GymboreeGYMB5.0017.00%20.00%17.00%6.00%9.00%24.00%
Hot TopicHOTT-4.30-7.20%-7.30% -6.00%-5.50%-3.40%-6.00%
J.C. PenneyJCP1.408.10%3.80%-0.50%3.60%4.30%11.10%
Jo-AnnStoresJAS-4.60-6.40%-3.60%-2.90%-6.60% 8.50%-4.20%
Jos.A.BankJOSB9.608.40% 2.70%-6.10%15.90% 8.50% 7.10%
Kohl'sKSS3.704.20%16.30%5.20%5.90%7.10%3.10%
LimitedBrandsLTD12.00 9.00%12.00%9.00%5.00%3.00%7.00%
Men'sWearhouseMWNANANANA2.00%3.70%5.00%
MotherWorksMWRK-1.00-5.20%10.60%5.00%3.90%6.20%5.50%
Nordstrom JWN5.4010.70%13.40%7.10% 5.30%6.90%7.80%
Pacific SunwearPSUN-3.80-7.10%-2.40%-9.40%-10.60%-2.70%-2.60%
Ross Stores ROST 0.00 3.00% 6.00% 3.00% 1.00% 5.00% 5.00%
Saks SKS 7.20 9.20% 10.00% 3.30% 2.40% 4.70% 1.10%
SteinMart SMRT 3.80 -2.20% 4.80% -2.80% -5.90% 0.90% 1.00%
Talbots TLB NA NA -5.10% 3.00% 1.30% NA NA
TJX TJX 3.00 5.00% 9.00% 4.00% 4.00% 4.00% 4.00%
Drug Stores
CVS CVS 8.40 9.30% 5.70% 8.90% 8.80%NA8.40%
WalgreenWAG NA 11.40% 8.50% 10.60% 9.00% 9.00% 9.80%
Wholesale Stores
BJ's Wholesale Club BJ0.60-0.70%-0.90%2.30% 1.90%-0.10%4.20%
CostcoCOST5.004.00%4.00%8.00% 7.00% 6.00%10.00%
Family Dollar FDO2.501.00%2.20% 4.00% 7.50% 3.60%4.50%
Shoe Stores
DSWDSW NA NANA2.00% 2.20%NANA
Payless Shoesource PSSNA5.20%NANA2.20% NA NA
FinishLine FINLNANANA -6.60NANA-0.80%
Discount Retailers
Target TGT 5.90 3.90% 6.70%2.80% 3.00% 4.80%5.70%
Wal-Mart Stores WMTNA0.00%1.30% 2.70% 2.40% 1.20%2.30%
Pier1 Imports PIR-15.30-13.70%-10.10%-9.10%-14.90%-18.40%-6.60%
Sharper ImageSHRP-27.00-31.00%-21.00%-22.00%-23.00%-26.00%-36.00%
Miscellaneous
BigLotsBIGNANA-1.40%NA5.20%NANA
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