Among the companies which released disappointing results, Costco reported same-store sales increase of 6%, vs. expectations of 6.9% gain, while Gap posted a 6% drop, worse than the 5.1% estimate. Home furnishings retailer Pier 1 posted a 18.4% drop, missing views for a decline of 14.1%. Teen retailers posted generally disappointing results, with Abercrombie & Fitch and Pacific Sunwear posting declines, both worse than views. Bucking the trend, Bebe Stores saw a 3.5% growth in line with estimates.
Results at department stores were mixed, with Nordstrom posting a 4.7% gain in same-stores sales, slightly below the 4.9% estimate, while Federated Department Stores Inc. had a 1.7% increase in same-store sales, below the 2.8% estimate. Limited reported a 3% rise in same-store sales, below the estimated 5.1%. But J.C. Penney Co. had a 4.3% gain in same-store sales in its department store business, better than the expected 2.8% increase. Ann Taylor posted a 12.5% growth in June same-store sales, surpassing the 6.1% estimate. At Children''''s Place, same-stores sales rose 14%, better than the 10.8% projected by Wall Street. Dow Jones futures were recently up 26 points, S&P 500 futures rose 2.1 points, and Nasdaq futures rose 2 points
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| 2006 SAME-STORE SALES | | Company | Ticker | June | May | April | March | February | January | | Apparel Retailers | Abercrombie&
Fitch | ANF | -4.00% |
3.00% | 6.50% | 31.00% | 31.00% | 33.00% | | Aeropostale | ARO | 5.30% | -1.10% | 8.40% | -9.30% | -5.40% | 12.30% |
| AmericanEagle | AEOS | 11.00% | 11.00% | 19.00% | 3.00% | 6.00% | 11.30% | | AnnTaylor | ANN | 12.50% | 12.00% | 10.90% | 0.80% | 5.60% | 10.90% | | Bebe | BEBE | 3.50% | 1.60% | 5.70% | 4.10% | 1.60% | 9.80% | | Buckle | BKE | -5.90% | -3.80% | 1.00% | -3.70% | 2.20% | 3.00% | | Cato | CTR | -3.00% | -2.00% | 2.00% | -4.00% | -7.00% | 6.00% | | CharmingShoppes | CHRS | NA | NA | NA | NA | 11.00% | 8.00% | | Chico's | CHS | 5.10% | 7.20% | 5.40% | 8.40% | 5.70% | 14.60% | | Children'sPlace, The | PLCE | 14.00% | 18.00% | 22.00% | 6.00% | 1.00% | 9.00% | | Christopher & Banks | CBK | 10.00% | 8.00% | 13.00% | -6.00% | -6.00% | -3.00% | | CitiTrends | CTRN | 4.30% | 10.80% | 21.00% | 12.80% | 34.00% | 22.70% | | Claires |
CLE | 2.00% | 4.00% | 9.00% | -3.00% | 4.00% | 9.00% | | DebShops | DEBS | -4.90% | 1.40% | 4.00% | -1.10% | 11.60% | 11.60% | | Dillards | DDS | -1.00% | 3.00% | 2.00% | -1.00% | -2.00% | 3.00% | | DressBarn | DBRN | 6.00% | 9.00% | 15.00% | 2.00% | 7.00% | 16.00% | | Federated Dept. | FD | 1.70% | 9.20% | -0.80% | 1.00% | 1.00% | -1.00% | | Gap | GPS | -6.00% | -6.00% | -3.00% | 13.00% | 11.00% | -1.00% | | Gottschalks | GOT | 0.30% | 2.80% | 0.30% | -3.60% | 2.70% | 0.30% | | Guess | GES | 11.70% | 20.00% | 22.60% | 8.10% | 8.60% | 31.00% | | Gymboree | GYMB | 9.00% | 24.00% | 19.00% | 10.00% | 18.00% | 2.00% | | Hot Topic | HOTT | -3.40% | -6.00% | -6.50% | -12.70% | NA | -0.70% | | J.C. Penney | JCP | 4.30% | 11.10% | 2.60% | -1.00% | 2.30% | 2.50% | | Jo-AnnStores | JAS | 8.50% | -4.20% | -5.40% | -3.10% | -3.70% | -3.20% | | Jos.A.Bank | JOSB | 8.50% | 7.10% | 17.80% | 4.40% | 3.30% | 20.40% | | Kohl's | KSS | 7.10% | 3.10% | 13.40% | 3.70% | 3.40% | NA | | LimitedBrands | LTD | 3.00% | 7.00% | 2.00% | 5.00% | 5.00% | 0.00% | | Men'sWearhouse | MW | 3.70% | 5.00% | 8.80% | 0.90% | NA | 3.00% | | MotherWorks | MWRK | 6.20% | 5.50% | 6.60% | 2.20% | 2.20% | 3.90% | | Nordstrom | JWN | 6.90% | 7.80% | 7.30% | 2.20% | 4.90% | 6.00% | | Pacific Sunwear | PSUN | -2.70% | -2.60% | -14.00% | -10.90% | NA | 4.90% | | Ross Stores | ROST | 5.00% | 5.00% | 9.00% | 4.00% | 6.00% | 6.00% | | Saks | SKS | 4.70% | 1.10% | 2.20% | -6.60% | 6.00% | 4.00% | | SteinMart | SMRT | 0.90% | 1.00% | NA | NA | -0.40% | -0.40% | | Talbots | TLB | NA | NA | 10.80% | -3.40% | -6.00% | 0.80% | | TJX | TJX | 4.00% | 4.00% | 1.00% | 2.00% | 1.00% | 5.00% | | Drug Stores | | CVS | CVS | NA | 8.40% | 14.00% | 9.40% | 5.90% | 5.40% | | Walgreen | WAG | 9.00% | 9.80% | 2.00% | 1.40% | 5.70% | 7.40% | | Wholesale Stores | | BJ's Wholesale Club | BJ | -0.10% | 4.20% | 2.10% | 3.10% | NA | 2.00% | | Costco | COST | 6.00% | 10.00% | 7.00% | 7.00% | 8.00% | 9.00% | | Family Dollar | FDO | 3.60% | 4.50% | 5.90% | 1.40% | 4.40% | NA | | Shoe Stores | | DSW | DSW | NA | NA | 4.20% | NA | 11.60% | 11.60% | | Payless Shoesource | PSS | NA | NA | NA | NA | 1.60% | 1.60% | | FinishLine | FINL | NA | -0.80% | NA | NA | NA | NA | | Discount Retailers | | Target | TGT | 4.80% | 5.70% | 10.40% | 2.20% | 3.60% | 5.20% | | Wal-Mart Stores | WMT | 1.20% | 2.30% | 6.80% | 1.40% | 3.20% | 4.00% | | Pier1 Imports | PIR | -18.40% | -6.60% | -2.00% | -2.00% | -11.00% | 8.20% | | Sharper Image | SHRP | -26.00% | -36.00% | -23.00% | -29.00% | NA | -13.00% | | Miscellaneous | | BigLots | BLI | NA | NA | NA | NA | 6.40% | 6.40% |
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