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Jump Analysis: 
Mixed Retail Performance in October
Author: 123jump.com Staff
123jump.com
Last Update: 4:32 AM EST November 03 2006



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Wal-Mart was one of the biggest disappointments, as the worlds largest retailer reported a meager 0.5% rise in same-store sales and predicted flat same-store sales in November. Discount retailer Target also disappointed after reporting same-store sales growth of 3.9% that fell below expectations of 4.2%. According to the Conference Board, consumers confidence weakened in October, dragged down by consumers’ concerns about the job market.

 
Dow component Wal-Mart (WMT: chart), the world''s largest retailer, which is struggling with its merchandising strategy, reported a meager 0.5% rise in same-store sales. It also predicted flat same-store sales in November. Costco Wholesale (COST: chart) said October same-store sales rose 4%, below analyst estimates of a 4.6% increase. Discount retailer Target (TGT: chart) reported same-store sales growth of 3.9% that fell below expectations of 4.2%. Another disappointment was Abercrombie & Fitch (ANF: chart) which said same-store sales fell 3% vs. expectations of a 2% rise.

Winners included department stores and some apparel specialty stores. Federated (FD: chart) posted a 7.7% gain in same-store sales, beating the 6.2% estimate. Federated expects same-store sales to increase by 3% to 5% in November. J.C. Penney (JCP: chart) had a same-store sales increase of 8.1%, beating the 6.2% estimate. Limited Brands (LTD: chart) posted a stronger-than-forecast 9% same-store sales rise.

Teen retailers had a mixed performance. Pacific Sunwear (PSUN: chart) posted a 7.1% drop in same-store sales, worse than the 5.4% decline expected by analysts. But Bebe Stores Inc. (BEBE: chart) had an 8.2% gain in same-store sales, slightly below the 8.3% estimate. American Eagle Outfitters Inc. (AEOS: chart) reported a same-store sales increase of 8 %. But Hot Topic Inc. (HOTT: chart), posted a 7.2% decline in same-store sales, worse than the 5.7% decline expected.


2006 SAME-STORE SALES
CompanyTickerOctoberSeptemberAugest July JuneMayApril
Apparel Retailers
Abercrombie & FitchANF-3.00% 10.00%6.00%3.00%-4.00%3.00%6.50%
AeropostaleARO5.60%8.50%3.30%-1.90%5.30%-1.10%8.40%
AmericanEagleAEOS8.00%19.00%11.00%7.00%11.00%11.00%19.00%
AnnTaylorANN-0.05%5.80%1.90%5.10%12.50%12.00%10.90%
BebeBEBE8.20%15.30%12.50%10.00%3.50%1.60%5.70%
BuckleBKE1.70%8.70%-8.50%5.90%-5.90%-3.80%1.00%
CatoCTR-5.00%3.00%4.00%1.00%-3.00%-2.00%2.00%
CharmingShoppesCHRSNANANANANANANA
Chico'sCHS-4.10%2.10%-2.60%4.90% 5.10%7.20% 5.40%
Children'sPlace, ThePLCE10.00%20.00%12.00%15.00%14.00%18.00%22.00%
Christopher & BanksCBK-3.00%9.00%5.00%10.00%10.00%8.00%13.00%
CitiTrendsCTRN-4.00%8.30% 13.70%7.70%4.30%10.80%21.00%
ClairesCLE-1.00%1.00%1.00%2.00%2.00%4.00%9.00%
DebShopsDEBS -10.00% 6.80%-7.70%-9.60%-4.90%1.40%4.00%
DillardsDDS-5.50%0.00%-1.00%-3.00%-1.00%3.00%2.00%
DressBarnDBRN5.00%13.00%2.00%5.00%6.00%9.00%15.00%
Federated Dept.FD7.70%6.20%3.80%3.30%1.70%9.20%-0.80%
GapGPS-7.00%-3.00%-7.00%-4.00%-6.00%-6.00%-3.00%
GottschalksGOT1.40%1.00%-1.10%-0.70%0.30%2.80%0.30%
GuessGESNA11.30%4.00%10.70%11.70%20.00%22.60%
GymboreeGYMB17.00%20.00%17.00%6.00%9.00%24.00%19.00%
Hot TopicHOTT-7.20%-7.30%-6.00%-5.50%-3.40%-6.00%-6.50%
J.C. PenneyJCP8.10%3.80%-0.50%3.60%4.30%11.10%2.60%
Jo-AnnStoresJAS-6.40%-3.60%-2.90%-6.60%8.50%-4.20%-5.40%
Jos.A.BankJOSB8.40%2.70%-6.10%15.90%8.50%7.10%17.80%
Kohl'sKSS4.20% 16.30%5.20%5.90%7.10%3.10%13.40%
LimitedBrandsLTD9.00%12.00%9.00%5.00%3.00%7.00%2.00%
Men'sWearhouseMWNANANA2.00%3.70%5.00%8.80%
MotherWorksMWRK-5.20%10.60%5.00%3.90%6.20%5.50%6.60%
NordstromJWN10.70%13.40%7.10%5.30%6.90%7.80%7.30%
Pacific SunwearPSUN-7.10%-2.40%-9.40%-10.60%-2.70%-2.60%-14.00%
Ross StoresROST3.00%6.00%3.00%1.00%5.00%5.00%9.00%
SaksSKS9.20%10.00%3.30%2.40%4.70%1.10%2.20%
SteinMartSMRT-2.20%4.80%-2.80%-5.90%0.90%1.00%NA
TalbotsTLBNA-5.10%3.00%1.30%NANA10.80%
TJX TJX5.00%9.00%4.00%4.00%4.00%4.00%1.00%
Drug Stores
CVSCVS9.30%5.70%8.90%8.80%NA8.40%14.00%
WalgreenWAG11.40%8.50%10.60%9.00%9.00%9.80%2.00%
Wholesale Stores
BJ's Wholesale ClubBJ-0.70%-0.90%2.30%1.90%-0.10%4.20%2.10%
CostcoCOST4.00% 4.00%8.00%7.00%6.00%10.00%7.00%
Family DollarFDO1.00%2.20%4.00%7.50%3.60%4.50%5.90%
Shoe Stores
DSWDSWNANA2.00% 2.20%NANA4.20%
Payless ShoesourcePSS5.20%NANA2.20%NANANA
FinishLine FINLNANA-6.60NANA-0.80%NA
Discount Retailers
TargetTGT3.90%6.70%2.80%3.00% 4.80%5.70%10.40%
Wal-Mart StoresWMT0.00%1.30%2.70%2.40%1.20%2.30%6.80%
Pier1 ImportsPIR-13.70%-10.10%-9.10%-14.90%-18.40%-6.60%-2.00%
Sharper ImageSHRP-31.00%-21.00%-22.00%-23.00%-26.00%-36.00%-23.00%
Miscellaneous
BigLotsBIGNA-1.40%NA5.20%NANANA
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