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Shop Talk

Retailers, consumers and prices

March 8th, 2007

Sales storm

Posted by: Brad Dorfman
Tags: Uncategorized

February storms blew in mixed results for U.S. retailers, with the likes of Wal-Mart Stores Inc. and Federated Department Stores Inc. reporting weak February sales, while upscale department stores like Nordstrom Inc. and Saks Inc. thrived.
The following are February same-store sales for select U.S. retailers, compared with what analysts expected.

The table includes the range of mean estimates* given by analysts polled by Reuters, the average of those means#, and the actual change in same-store sales reported by the companies^.

All figures are expressed as percentage changes over the same period last year except for “number of estimates.”

      FEB-07   FEB-07
    Analysts’ same-store No. of same-store
Company Symbol estimates* sales(est)# Estimates sales (act)^






Wal-Mart**   1.5 to 2.5 1.7 13 0.9
Target   5 to 5.5 5.1 13 5.7
Costco   3.6 to 7 5.0 13 4.0
BJ’s Wholesale~   0.5 to 3.3 1.7 11 3.0
TJX Cos.   1 to 4 2.8 10 2.0
Dollar General   3 to 5 4.4 8 4.9
Family Dollar~   0 to 2 0.3 6 -0.5
Ross Stores   1 to 3 1.9 6 1.0






Department Stores        






Kohl’s   2 to 4 2.9 14 4.4
JC Penney   -2 to 2 0.5 11 -0.2
Federated   1 to 4 2.6 11 1.2
Nordstrom   4.5 to 7 5.6 14 9.1
Saks~   2 to 10 6.8 9 24.7
Dillard’s   -3 to 1 1.0 7 -9.0
Bon-Ton Stores   -2 to 3 0.5 2 14.6






Gap   -7 to 0 4.5 14 -4.0
Limited   3 to 7 4.4 12 3.0
Abercrombie   -5 to 1 2.3 16 -6.0
Hot Topic@   5.5 to -2 4.2 9 -2.7
Chico’s FAS~~   -3 to 1 1.5 10 -4.3
American Eagle~   3 to 12 8.4 18 6.0
Aeropostale   1 to 5 2.4 8 2.3
Pacific Sunwear   -5 to -2 3.6 13 -5.7
Ann Taylor   -6 to -2.5 4.3 12 -2.9
Gymboree   -2 to 5.5 1.8 6 1.0
Bebe   0 to 3 2.4 8 -2.2
Claire’s Stores   0.5 to 4 2.3 8 1.0
Children’s Place   2.5 to 7.3 5.0 5 5.0






Pier 1 Imports   -7 to 1 5.0 6 -8.4
Sharper Image   17.5 to -16 16.8 3 24.0


**For U.S. stores
~Reported on Wednesday.
~~Reported on Tuesday.

(Compiled by Dilipp S. Nag in Bangalore)

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