Retail
Feb. Same-Store Sales Expectation Move Higher (TGT, LTD, ROST, SKS, JWN, ZUMZ)
Published:
Last Updated:
Retail Metrics is out with its preliminary expectation for February same-store sales data to be released later in the week. Keep in mind that February has an extra day compared to 2011 because of Leap Year, but the expectations are for a rise due to promotional sales and due to better economic data. One concern is that February may have “pulled forward” sales from March due to weather.
The Retail Metrics analysis has lifted expectations for Target Corporation (NYSE: TGT), Limited Brands, Inc. (NYSE: LTD), Ross Stores Inc. (NASDAQ: ROST), Saks Inc. (NYSE: SKS), Nordstrom Inc. (NYSE: JWN), and even Zumiez Inc. (NASDAQ: ZUMZ).
The report said, “As noted in previous reports, several catalysts gave rise to solid traffic and conversion levels throughout the month. Merchandise and food sales were strong around Super Bowl weekend at the beginning of the month. Valentine’s Day related gift selling looked to be quite good with the National Retail Federation calling for a high-single digit increase in sales.”
JON C. OGG
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.