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 Laggards: Oil & Gas Exploration & Production, Paper & Forest Products
Related symbols: SDRL, NADL, RFP, UFS
Wednesday Sector Leaders: Semiconductors, Computers
Related symbols: ANAD, AMBA, ANET, HILL
Tuesday Sector Leaders: Precious Metals, Manufacturing Stocks
Related symbols: SAND, SA, CRNT, WSTL
Wednesday's ETF with Unusual Volume: OEF
Related symbols: OEF, AAPL, FB, HPQ, SLB
Wednesday's ETF Movers: GXC, OIH
Related symbols: BITA, CMCM, SDRL, DO, OIH, GXC
SH, TMF: Big ETF Outflows
Related symbols: SH, TMF, TLT
Daily Dividend Report: MRK, CBS, ADI, BDC, FGP
Related symbols: MRK, CBS, ADI, BDC, FGP
Daily Dividend Report: BDX, HRL, VAL, EXR, DSW, CHS
Related symbols: BDX, HRL, VAL, EXR, DSW, CHS
Daily Dividend Report: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
Related symbols: AET, CATY, ACE, PPL, UGI, DCI, TDS, CY
Weekly Market Wrap: November 26, 2014
Related symbols: SDRL, KMI, AAPL, FB, ACE
Weekly Market Wrap: November 21, 2014
Related symbols: BAC, INTC, AAPL, HPQ, CPB, SYY, BLK
Weekly Market Wrap: November 14, 2014
Related symbols: NOK, BHI, AAPL, HTZ, VIAB, ADP, BAX, CTL, WM, PBI
Week Ahead Market Report: November 24, 2014
Related symbols: BAC, T, AAPL, INTC, HPQ, TIF, DE
Week Ahead Market Report: November 17, 2014
Related symbols: HAL, BHI, AAPL, F, HD, SJM, BBY, FL
Week Ahead Market Report: November 10, 2014
Related symbols: BABA, CMCSA, BAC, MSFT, CST, DHI, ADT, JCP, HP, JWN, ASTI
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.