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Warmer Weather Boosts SSS

|Includes: Costco Wholesale Corporation (COST), GPS

The warmer weather in May has contributed to increased sales, setting a good fiscal tone and encouraging confidence for U.S. shoppers. The Thomson Reuters Same Store Sales Index forecast for May 2013 reports a 3.7% expected increase in sales in stores. Excluding the drugstore sector, the SSS growth rate increased to 4.7%, above the 3.8% result recorded May 2012. The Thomson Reuters SSS index actual for April 2013 was 2.2%, and 4.3% Ex-drug.

Shorts, T-shirts and swimwear were among the hottest selling merchandise purchases for May as people look to spend more time outdoors. The recent weakness in consumer spending resulted from the unusually cold weather lasting into the start of spring. Global mall trends have been strong, once again showing positive year-over-year retail traffic trends. Recently, more traffic at shopping malls also helped with the increase in merchandise purchases for Memorial Day and summer...

Read the full article at Alpha Now - Thomson Reuters

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