Department Stores Largely Miss Sales Expectations Thursday, November 3, 1:51 PM ET
Retail sales are one of the top stories in the stock market today, and many department store retailers missed analyst estimates.
Iconic department store Macy's (NYSE:
M) posted same-store sales growth of 2.2% in October, missing analyst estimates.
Rival Dillard's (NYSE:
DDS) reported an 8% increase in same-store sales in October, well ahead of analyst expectations.
J.C. Penney (NYSE:
JCP) missed analyst expectations as well, with a 2.6% decline in same-store sales.
At the value end of the spectrum, Kohl's (NYSE:
KSS) posted a 3.9% increase in October same-store sales, just ahead of estimates.
TJX) also beat expectations, with 3% same-store sales growth.
At the high end, Saks (
SKS) reported same-store sales growth of 1.8% in October, well below analyst estimates.
And Nordstrom (NYSE:
JWN) posted a 5.4% increase in October same-store sales, missing analyst estimates as well.
The Dynamic Retail Portfolio (AMEX:
PMR), in which Macy's is among the top five holdings, is trading down about 2.4% Thursday.
The Retail HOLDRS (AMEX:
RTH) is trading down about .6% today. And the SPDR S&P Retail ETF (AMEX: XRT) is trading down 2%.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Precious Metals
Related symbols: HGT, MTR, ANV, MVG
Wednesday Sector Laggards: General Contractors & Builders, Sporting Goods & Activities
Related symbols: MTH, HXM, MANU, WBAI
Monday Sector Leaders: Rental, Leasing, & Royalty, Department Stores
Related symbols: REFR, NRT, JCP, SHLD
Wednesday's ETF with Unusual Volume: FEMS
Related symbols: FEMS, JASO, DANG, IMOS, XIN
Wednesday's ETF Movers: GDX, XBI
Related symbols: ASR.CA, DGC.CA, PBYI, ICPT, XBI, GDX
XLV, CHIX: Big ETF Outflows
Related symbols: XLV, CHIX, JNJ, PFE
Daily Dividend Report: CNI, MWE, SXL, CMA, DD
Related symbols: CNI, MWE, SXL, CMA, DD
Daily Dividend Report: MET, SPG, SO, NBL, SYK
Related symbols: MET, SPG, SO, NBL, SYK
Daily Dividend Report: OKE, NRG, HAS, ED, COL
Related symbols: OKE, NRG, HAS, ED, COL
Weekly Market Wrap: April 17, 2014
Related symbols: SHW, MS, GS, CSX
Weekly Market Wrap: April 11, 2014
Related symbols: WY, F, LEN
Weekly Market Wrap: April 4, 2014
Related symbols: TJX, PNC, IR, LINE, LNCO
Week Ahead Market Report: April 21, 2014
Related symbols: AMD, FB, ZNGA, AOS, AMGN, T, CMCSA, EAT, IR, BA, AMZN, F, AAN
Week Ahead Market Report: April 14, 2014
Related symbols: SCHW, KO, BAC, GS
Week Ahead Market Report: April 7, 2014
Related symbols: AA, BBBY, STZ, RAD, FAST
All videos » |
Stock market definitions »
Department Stores Largely Miss Sales Expectations
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.