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

Most Active by Volume

45,543,019
  • $16.75 ▲ 0.12%
44,349,390
  • $132.54 ▲ 0.88%
32,695,176
  • $3.01 ▲ 19.92%
28,073,679
  • $34.76 ▲ 2.75%
27,339,999
  • $9.15 ▼ 3.58%
26,142,754
  • $34.71 ▼ 1.03%
25,357,890
  • $46.90 ▼ 1.10%
24,562,443
  • $15.27 ▼ 1.55%
As of 5/22/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com