Thursday, October 11, 2007

Retail Sales Update

The same-store sales figures for September came out this morning, and they were pretty lackluster. But is important to note that expectations were already farely low, so the stocks aren't down much on the news. The RLX is actually higher today.

Here is a rundown of some of the highs and lows:
  • ARO: +1.3% (vs. -0.5% consensus)
  • COST: +6.0% (+5.3%)
  • KSS: -3.2% (-3.8%)
  • PSUN: +2.7% (+1.1%)
  • ZUMZ: +13.9% (+6.3%)
  • ANF: -4.0% (-1.9%)
  • AEO: -2.0% (+1.2%)
  • CHS: -8.3% (-7.1%)
  • DDS: -7.0% (-3.5%)
  • GPS: -7.0% (-4.9%)
  • JWN: +3.2% (+5.0%)
  • SHRP -21% (-13.3%)

The only one that really stands out is Zumies (ZUMZ). That +14% sales number is very strong, and the stock is reacting in kind. The stock gapped higher at the open, and is up +11% to a new high.

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