Market Overview

Same Store Sales Roundup January 3, 2013

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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