), the retailer of casual apparels, footwear and accessories for
men and women, came up with soft comparable-store sales (comps)
results for Feb 2013.
After registering a 2% decline in comps in Jan 2013, Buckle
witnessed a 1.1% decrease in comps in Feb 2013 when compared with
Feb 2012 results. However, net sales increased 2.9% to $89.3
million from $86.7 million in the comparable prior-year
As a whole, Feb 2013 was tough for most retailers as
macro-economic factors including increase in fuel and energy
costs, higher payroll taxes and delay in tax refunds coupled with
unfavorable weather conditions hindered consumer spending and in
turn adversely affected the growth and profitability of
Despite these challenges, companies like
Costco Wholesale Corporation
Limited Brands Inc.
) came up with healthy comps results. Costco witnessed a 6% rise
in comps for Feb 2013, while Limited Brands and Gap registered a
Buckle witnessed an increase of 5.5% in total sales in the
men's category, which represented approximately 40.5% of the
sales for Feb 2013. The rise reflected strong sales of denim,
accessories, Knit shirts, and active apparel.
Women's category, which represented 59.5% of total sales for
Feb 2013, marked an increase of 2% in total sales when compared
with Feb 2012. The category witnessed increased sales in active
apparel, woven tops, accessories and footwear.
On a combined basis, accessories sales increased approximately
11.5%, while footwear sales jumped about 24% during the period
Buckle is scheduled to report its fourth-quarter of fiscal
2012 results on Mar 14, 2013. Earlier, the company stated that
comps remained flat for the fourth-quarter of fiscal 2012, while
net sales rose 7% year over year to $360.6 million. The company
witnessed a 2.1% increase in comps for fiscal 2012, while net
sales increased 5.7% year over year to $1,124 million.
Headquartered in Kearney, Neb., Buckle operates through with
441 retail stores across 43 states. Currently, the company
retains a Zacks Rank #4 (Sell).
BUCKLE INC (BKE): Free Stock Analysis Report
COSTCO WHOLE CP (COST): Free Stock Analysis
GAP INC (GPS): Free Stock Analysis Report
LIMITED BRANDS (LTD): Free Stock Analysis
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