Apparently higher gas prices and the expiration of the payroll
tax holiday didn't stop consumers from shopping till they dropped
in January. A composite of 18 retailers tracked by Thomson
Reuters posted a solid +5.8% increase in same-store sales for
January, well above expectations of +3.5%.
Here are some of the standouts for January:
Kohl's Corp. (
Nordstrom Inc (
Macy's Inc. (
Stage Stores Inc. (
Limited Brands Inc. (
Gap Inc (
I think that at least some of this can be attributed to the
wealth effect from higher stock and home prices. Especially the
home prices part considering the painful 6 year slump in home
What do you think is behind this recent consumer
Chime in below.
GAP INC (GPS): Free Stock Analysis Report
NORDSTROM INC (JWN): Free Stock Analysis
KOHLS CORP (KSS): Free Stock Analysis Report
LIMITED BRANDS (LTD): Free Stock Analysis
MACYS INC (M): Free Stock Analysis Report
STAGE STORES (SSI): Free Stock Analysis
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