Complete Roundup Of October's Disappointing Retail Sales

Victoria's Secret Model Alessandra Ambrosio

Photo: AP

October retail sales are out and the numbers, though mostly positive, disappointed investors. Macy’s, Nordstrom, and Target all missed analyst expectations.The Limited’s Victoria’s Secret drove sales for the firm, with same-store sales up 9% at the division. However, poor performance at its La Senza stores kept the company from topping forecasts.

Costco also just barely missed brisk expectations of 9.2% growth. The members-only retailer benefitted from increased gas prices at the pump and higher membership fees. Revenue jumped to $7 billion for the four week period.

Surprisingly, teen retailer Abercrombie and Fitch beat expectations with same-store growth of 7%. But shares have been hammered after it announced that global flagships, like those in London and Tokyo, posted declines. The company become increasingly reliant on international sales where the appetite for American brands remain strong.

The round up of sales:

Abercrombie and Fitch*: Same-Store Sales Growth: +7.0%, Expected Growth: +6.4%

Aeropostale: Same-Store Sales Growth: -9.0%, Expected Growth: n/a

American Eagle Outfitters*: Same-Store Sales Growth: +5.0%, Expected Growth: n/a

Buckle: Same-Store Sales Growth: +8.7%, Expected Growth: +6.3%

Costco: Same-Store Sales Growth: +9.0%, Expected Growth: +9.2%

Dillards: Same-Store Sales Growth: +8.0%, Expected Growth: +3.7%

Gap: Same-Store Sales Growth: -6.0%, Expected Growth: -5.6%

J.C. Penney: Same-Store Sales Growth: -2.6%, Expected Growth: +1.0%

Kohl’s: Same-Store Sales Growth: +3.9%, Expected Growth: +3.7%

Limited Brands: Same-Store Sales Growth: +6.0%, Expected Growth: +6.2%

Macy’s: Same-Store Sales Growth: +2.2%, Expected Growth: +3.6%

Neiman Marcus*: Same-Store Sales Growth: +6.4%, Expected Growth: N/A

Nordstrom: Same-Store Sales Growth: +5.4%, Expected Growth: +6.4%

Ross Stores: Same-Store Sales Growth: +5.0%, Expected Growth: +3.0%

Saks: Same-Store Sales Growth: +1.8%, Expected Growth: +5.4%

Stage Stores: Same-Store Sales Growth: +0.8%, Expected Growth: +1.0%

Stein Mart: Same-Store Sales Growth: +0.1%, Expected Growth: +1.3%

Target: Same-Store Sales Growth: +3.3%, Expected Growth: +4.2%

TJX: Same-Store Sales Growth: +3.0%, Expected Growth: +2.8%

Walgreen: Same-Store Sales Growth: +2.6%, Expected Growth: +4.9%

Wet Seal: Same-Store Sales Growth: -9.7%, Expected Growth: -1.0%

Zumiez: Same-Store Sales Growth: +3.3%, Expected Growth: +2.8%

 

*Indicates Quarterly S/S Sales

Source: Thomson Reuters, Bloomberg

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