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Denis Ouellet
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Denis Ouellet has been involved in the Financial sector since 1975. Now retired, he is a part-time blogger. Denis has been analyst and head of research for a brokerage company, equity manager for various investment organizations (pension, mutual and hedge funds), head of global equity... More
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  • APRIL SAME STORE SALES 1 comment
    May 7, 2009 11:04 AM | about stocks: RTH, XRT

    Same Store Sales patterns showed little change in April from the previous 5 months. Higher end retailers continued to perform poorly, apparel chains and department stores showed but few improvements in their sales declines while discount retailers generally maintained positive SSS momentum. Note that Easter was in April this year vs March last year. It is therefore better to consider March and April together to better appreciate the yoy sales trends.

     Of note:

    • Aeropostale SSS bounced back nicely after an apparent  pattern-breaking March SSS.
    • Target continues to perform very poorly among discounters.
    • Wal-Mart SSS also recovered nicely in April.
    • BJ’s continues to outperform its peers.

    Please note that I have not been able to publish the chart here. Go to my blog to see it

    http://www.news-to-use...

     

     


    Themes: RETAILING Stocks: RTH, XRT
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    Are you able to derive the savings rate for April based on the retail sales figure? Just trying to get an advance read to see if there is any stabilization on savins rate, thus stable PCE and GDP.
    7 May 2009, 11:40 AM Reply Like
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