This Chart Shows A Year's Worth Of Comps Across Retail
The image below is courtesy of Ryan Craver, a retail expert who joined Benzinga's PreMarket Prep Monday morning to discuss trends in the retail space.
Craver is the Senior Vice-President of Emerging Brands, Licenses & Digital Strategy at Lamour Group, and the President and CEO of Trimfit Inc, and has observed a "dramatic" shift in what stores people are shopping at. Specifically, they're moving away from traditional department stores, such as Dillard's, Inc. (NYSE: DDS), J C Penney Company Inc (NYSE: JCP), towards off-price retailers such asTJX Companies Inc (NYSE:TJX) andBurlington Stores Inc (NYSE:BURL).
You can see it in this chart, which shows sales comporables for major retail brands in the industry's different arms. While off-price and dollar stores have had a good year, the traditional powerhouses, with the exception of J C Penney, are struggling. Craver noted J C Penney's success comes from their focus on appliances.
Also notable is how wholesales such as Costco Wholesale Corporation (NASDAQ: COST) are throwing a wrench into things as well.
Listen to the full interview with Ryan at 18:32 in the clip below.
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