Belus Capital's Brian Sozzi Says J.C. Penney, Target Are Black Thursday Winners

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Speaking with Benzinga, Belus Capital Advisers CEO Brian Sozzi said J C Penney Company Inc
JCP
and Target Corporation
TGT
were among the winners for sales on Thursday. Sozzi noted J C Penney saw a lot of strength in the home department this year. “J C Penney came out of the gate strong,” he said. “Much different feel in the store in terms of traffic and what people were buying.” Sozzi pointed out Target told him the store's online sales were strong. He said there were strong traffic in electronics, but he also observed that consumers were buying more than just the door buster deals. Sozzi said he was pleasantly surprised with Wal-Mart Stores, Inc.
WMT
“literally from the time they opened to the wee hours of the morning.” Some of the losers for the day were Sears Holdings Corp
SHLD
and Kmart Corporation, Sozzi told Benzinga. He said both had a very high level of inventory and an excess of winter goods.
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Posted In: Analyst ColorNewsRetail SalesAnalyst Ratings
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