Market Overview

October Retail Sales

October Retail Sales
Related BKE
The Week Ahead: IPOs Ramp Up Just As Earnings Season Fades
36 Biggest Movers From Yesterday
Buckle Goes For A Dozen (Seeking Alpha)
Related LTD
For The Patient Investor, Future Looks Bright For Solar ETFs
#PreMarket Primer: Thursday, November 21: Taper Tug-Of-War Carries On After Fed Minutes

The ICSC reported that chain-store sales gained 4.1 percent in October and sees November sales up 3.5-4.5 percent. Reuters noted that U.S. same-store sales were up 4 percent last month and Redbook's reported a slightly higher figure of 4.1 percent. According to Retail Metris, retail sales overall gained 3.7 percent versus the estimated 2.8 percent.

On the BenzingaPro Profeed Calendar, retail sales for Buckle (NYSE: BKE) gained 2.6 percent versus the estimated -1.80 percent. Other notable gains include Limited Brands (NYSE: LTD) 8 percent increase versus -2.5 percent estimate and an 8.8 percent increase by PriceSmart(NASDAQ: PSMT). On Benzinga's calendar, Zumiez (MCX: ZMZ) missed estimates by 0.2 percent at 1.2 percent gains and Abercrombie & Fitch (NYSE: ANF) reported a -14 percent loss.

Retailers noted that discounts and promotions helped drive traffic. Although many retail stores have stopped reporting monthly results, October is a transitional month. The back-to-school season is more correlated with holiday sales. J.C. Penney (NYSE: JCP) CEO Myron Ullman commented that, “We expect the holiday season to be very competitive.”

Posted-In: News Retail Sales


Related Articles (ANF + BKE)

View Comments and Join the Discussion!