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.
Friday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Vehicle Manufacturers
Related symbols: MT, ATI, FCAU, NAV
Friday Sector Leaders: Precious Metals, Gas Utilities
Related symbols: VGZ, TGD, CPK, DGAS
Thursday Sector Laggards: Cigarettes & Tobacco, Water Utilities
Related symbols: TPB, RAI, SJW, CDZI
Friday's ETF with Unusual Volume: FRI
Related symbols: FRI, HST, PLD, NSA, NRE
Friday's ETF Movers: XLU, EFA
Related symbols: CMS, DTE, AER, NXPI, EFA, XLU
SLV, GASX: Big ETF Outflows
Related symbols: SLV, GASX
Daily Dividend Report: MDT, DTE, T, MAS, UDR, LEN
Related symbols: MDT, DTE, T, MAS, UDR, LEN
Daily Dividend Report: KR, LMT, CPB, PNW, BBBY
Related symbols: KR, LMT, CPB, PNW, BBBY
Daily Dividend Report: FULT,LLY,IEX,RL,CMC
Related symbols: FULT, LLY, IEX, RL, CMC
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Department Stores Largely Miss Sales Expectations
| Market News Video | Copyright © 2008 - 2016, 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.