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NOVEMBER SAME-STORE-SALES VERY WEAK

Dec. 03, 2009 12:02 PM ETRTH, TJX, SKS, ANF, NMG, ARO, GPS, BBWI, M, TGT, BJ-OLD, COST
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Denis Ouellet, CFA's Blog
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Comps are getting easier to beat but the reality remains very challenging. November SSS are generally quite weak considering what they were up against. TJX is a standout, however, continuing its momentum since last spring.

Saks, Abercrombie & Fitch, Dillard, JC Penny and Macy’s have serious sales problems. ANF is particularly noteworthy: in two years, its November sales cratered by nearly 50%!!!!! By comparison, Aeropostale’s SSS are up 1.6% while Gap’s and The Limited’s SSS are down 10% during the same period.

Check out the charts on SSS by major chain and trends in monthly sales at www.news-to-use.com/2009/12/november-sam...



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