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March same-store sales have been released for the retail sector and overall the results are positive, with the majority of reports exceeding the Street consensus. Factors stated by retailers as affecting March's numbers include this year's Easter timing three weeks later in 2011 than in 2010, the crisis in Japan, inflation in gasoline prices, and cooler weather. Many companies are hopeful that next month's sales will exceed expectations as consumers prepare for Easter and temperatures rise.
Ross Stores
ROST reported March same-store sales of -1.0% versus the -1.6% Street consensus.
Nordstrom Stores
JWN reported March comparable store sales of +5.1% .
JC Penny
JCP reported March Sales of -.3% versus the -3.9% Street consensus.
Saks
SKS reported March same-store sales of +11.1% versus the +2.3% Street consensus.
Kohl's
KSS reported same-store sales of -6.5% versus the -9.1% Street consensus.
Ross Stores
ROST reported March same-store sales of -1.0% versus the -1.6% Street consensus.
Duckwall-ALCO Stores
DUCK reported comparable store sales, excluding fuel sales, of +0.4% year-over-year.
Tandy Leather Factory
TLF reported comparable store sales of +9% year-over-year.
PriceSmart
PSMT reported March net warehouse club sales increased +16.6% year-over-year to $139.2 million.
Stein Mart
SMRT reported March same-store sales of -3.9% versus the -2.0% Street consensus.
Dillard's
DDS reported March same-store sales of -1.0% versus the -3.8% Street consensus.
BJ's Wholesale
BJ reported March same-stores sales of +5.3% versus the Street consensus of +2.5%.
Gap
GPS reported March same-store sales of -10% versus the -7.3% Street consensus.
Target
TGT reported March same-store sales of -10% versus the -7.3% Street consensus.
Macy
reported March same-store sales of +0.9% versus the -3.6% Street consensus.
Bon-Ton Stores
BONT reported March same-store sale of -6.1% versus the -8.5% Street consensus.
Haverty Furniture
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reported March same-store sales of +0.6%.
Zumiez
NAS reported March same-store sales of +8.9% versus the +3.2% Street consensus.
bebe
BEBE reported fiscal quarted ended April 2,2011 same-store sales of -.7% compared to a decrease of -11.2% in the prior year.
Wet Seal
WTSLA reported March same-store sales of +4.7% versus the -1.0% Street consensus.
Buckle
BKE reported March same-store sales of +8.4% versus the -1.2% Street consensus.
Limited
LTD reported March same-store sales of +14% versus the +1.1% Street consensus.
Cato
CATO reported March same-store sales of -9.0% versus the -10.3% Street consensus.
Destination Maternity
DEST reported March same-store sales of -3.0%.
Pier 1 Imports
PIR reported Q4 comparable store sales of +8.9%.
Stage Stores
SSI reported same-store sales of -5.3% versus the -4.5% Street consensus.
Costco
COST reported same-store sales of +13% versus the +7.4% Street consensus. Excluding the effects of gasoline price inflation and strengthening foreign currencies, comparable sales for US were +7%; International +11%.
Fred
FRED reported March comparable store sales of +0.7% versus the +1.6% Street consensus.
Hot Topic
HOTT reported March same-store sales of -5.0% versus the -5.6% Street consensus.
Overall, today's reports reveal that most retailers beat estimates. In general, March sales were stronger than most analysts had predicted.
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Posted In: Retail SalesIntraday UpdateMarketsReviewsApparel RetailConsumer DiscretionaryConsumer StaplesDepartment StoresGeneral Merchandise StoresHomefurnishing RetailHypermarkets & Super CentersSpecialty Stores
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