Retailers Post Strong Same-Store Sales for January - Real Time Insight

By
A A A

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. ( KSS ) : +13.3%
Macy's Inc. ( M ) : +11.7%
Nordstrom Inc ( JWN ) : +11.4%
Stage Stores Inc. ( SSI ) : +10.5%
Limited Brands Inc. ( LTD ) : +9%
Gap Inc ( GPS ) : +8%


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 values.

What do you think is behind this recent consumer strength? Chime in below.



GAP INC (GPS): Free Stock Analysis Report

NORDSTROM INC (JWN): Free Stock Analysis Report

KOHLS CORP (KSS): Free Stock Analysis Report

LIMITED BRANDS (LTD): Free Stock Analysis Report

MACYS INC (M): Free Stock Analysis Report

STAGE STORES (SSI): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



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: GPS , JWN , KSS , LTD , M

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

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