Is retail showing signs of life, or are we witnessing a
shuffling, reanimated semblance? Appropriately enough for the
Halloween season, October's retail sales data seemed to
harbor more than a few "zombies."
Overall, the entire sector posted a 2.2% increase in
sales, which certainly seems quite lively. Data from
researcher Retail Metrics showed the best month for retail
sales since April 2008. However, that number should be
compared to October 2008, when retail sales fell 3.5%, as it
became clear the economy was in serious crisis mode. So let's
just say it wasn't too hard for the sector to show a
year-over-year improvement.
Overall, discounters were the bright spot, while teen
retail had a few dead zones. Let's look at a few of the
results:
Company
CAPS Rating (out of 5)
October Comps
October Net Sales
Costco (Nasdaq: COST)
****
5.0%
7.0%
Abercrombie & Fitch (NYSE:
ANF)
**
(15.0%)
(5.0%)
Gap (NYSE: GPS)
*
4.0%
5.0%
Aeropostale (NYSE: ARO)
**
3.0%
9.0%
Buckle (NYSE: BKE) Continued... |