Costco Gets a Boost from Improved Retail Sales

By
A A A

September retail sales figures are out, and the numbers are mixed.

Same-store sales were up 1.6% among 17 U.S. retailers tracked by Thomson Reuters, according to The Wall Street Journal . That's progress, especially for a month like September that falls in the shopping no-man's land between the back-to-school rush and the holiday season.

But it's not nearly the same progress as a year ago. Last September, same-store sales increased 5.5% from the prior year. It's also much slower than the 6.1% year-over-year gain in August and the 4.8% gain in July .

Still, there were a few bright spots among those 17 retailers whose September sales were made public. Chief among them was Costco ( COST ). Sales at the members-based wholesaler climbed 5% in September. That's pushing shares up 1.5% in mid-day trading today.

Limited Brands ( LTD ) , the parent company of six retails brands including Bath & Body Works and Victoria's Secret, posted similar September sales. The 5% increase in same-store sales outpaced the 4.3% jump analysts were expecting.

The improved sales have yet to do much for the stock prices, however. As of 12:30 p.m. eastern, Limited shares were basically flat for the day.

One retailer that's getting hammered today is Buckle ( BKE ) , a teen apparel company that saw its sales drop off 0.8% last month. That was enough of a drop-off to push shares of the small-cap stock down 2.5% today.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: BKE , COST , LTD

Wyatt Investment Research

Wyatt Investment Research

More from Wyatt Investment Research:

Related Videos

Stocks

Referenced

100%
81%

Most Active by Volume

111,864,163
  • $3.91 ▲ 2.36%
76,404,746
  • $7.37 ▼ 5.03%
66,680,057
  • $15.25 ▼ 2.12%
61,293,760
  • $30.55 ▼ 6.09%
56,394,825
    $23 unch
55,005,642
  • $95.60 ▼ 2.60%
47,372,853
  • $95.02 ▼ 2.02%
44,783,481
  • $45.19 ▼ 2.40%
As of 7/31/2014, 04:07 PM