Seeking Alpha

Nuggets from the Retail Sales report

  • Retail sales showed in-line positive growth in September after the expected tail-off in automobile purchases was factored out.
  • Sales at bars and restaurants (CAKE, KONA, DIN, EAT) gained 0.9% - while several mobile phone introductions presumably helped electronics stores (BBY, CONN, HGG) carve out a 0.7% gain for the month.
  • Apparel stores (AEO, ANF, CHS, CACH, BKE, LTD, ANN, BODY, WTSL, ARO, TLYS) continued their downward slog with sales dipping 0.5%.
Comments (1)
  • While Mobile is the key profit driver for BBY, it does not have as large a role at CONN or HGG. BBY would be the primary beneficiary from the mobile introductions as the other two are not seen as a destination location for these types of products.
    29 Oct 2013, 10:59 AM Reply Like
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