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

By: Zacks.com
Posted: 2/7/2013 4:00:00 PM
Referenced Stocks: GPS;JWN;KSS;LTD;M

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

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