Market Overview

Same Store Sales Roundup January 3, 2013

Thursday was the first day of 2013 that retailers released same store sales numbers, giving investors a look at how the holiday season's sales would affect coming earnings.

First up, Steinmart (NASDAQ: SMRT) same store sales came in at 5.9 percent, well above the anticipated 2.8 percent, while The Gap (NYSE: GPS) same store sales came in at 5.0 percent, above the projected 3.6 percent

Target (NYSE: TGT) also released its numbers, coming in flat at 0.0 percent, below the expected 1.3 percent, while Macy's (NYSE: M) was reported at 4.1 percent, beating the projected 3.7 percent.

Fred's (NASDAQ: FRED) reported its December same store sales at -4.2 percent, while Zumiez (NASDAQ: ZUMZ) came in at -1.0 percent, beating the anticipated -3.5 percent.

Tandy Leather Factory (NASDAQ: TLF) released its same store sales, coming in at 8.0 percent, while Rite Aid (NYSE: RAD) did not post such impressive growth as it reading came in at -2.9 percent.

Ross Stores (NASDAQ: ROST) released same store sales as well, coming in at 6.0 percent, while Kohl's (NYSE: KSS) came in at 3.4 percent.

Finally, Barnes & Noble's (NYSE: BKS) same store sales came in at -8.2 percent.

Following the releases, the Spyder retail EFT (NYSE: XRT) traded up slightly, rising 0.05 percent to $62.85.

Posted-In: News Sector ETFs Retail Sales ETFs Best of Benzinga


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