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Department store sales in focus

  • Department store sales outpaced overall retail sales in February with a 0.7% M/M gain.
  • A pickup in traffic during the last half of the month helped sales, but the category showed a 4.8% Y/Y drop in an indication of just how far mall traffic has dropped off.
  • Related stocks: DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN.
Comments (3)
  • gmanwicksy
    , contributor
    Comments (127) | Send Message
     
    4.8 per cent drop year over year means our economy isn't doing as well as the government is trying to let on to us. Almost 5 per cent staying home, broke from higher living costs and part time wages.
    13 Mar, 09:19 AM Reply Like
  • Rondor1
    , contributor
    Comments (30) | Send Message
     
    I would attribute much of the mall traffic drop to online inroads that have been making headway for a few years now.
    13 Mar, 09:53 AM Reply Like
  • bebopr
    , contributor
    Comments (357) | Send Message
     
    Good point, particularly in light of gas prices in the $3.50 range. Higher gas prices mean fewer trips to the mall and more reliance on Internet shopping.
    13 Mar, 10:47 AM Reply Like
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