MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.
Zumiez stock price soared today, a day after the action sports retailer reported better than expected December results.
The company’s share price rose 15% to $14.64.
In general, retailers reported stronger than expected results for December, and many retailers raised fourth quarter earnings expectations as a result. However, Hot Topic and Hollister had a tough month.
Here’s a quick roundup of December same store sales:
Teen retailers and others
The Buckle: up 6.6%
Hollister: down 25%
Urban Outfitters: up 9%, with Urban Outfitters stores rising 1%
Wet Seal: down 4.6%
American Apparel: down 5%
Aeropostale: up 10%
American Eagle Outfitters: up 7%
Gap: up 2%, with Old Navy the best performer
Macy’s: up 1% - Bloomingdale’s had a strong month
Nordstrom: up 7.4%
JC Penney: down 3.8%
Kohl’s: up 4.7%
Target: up 1.8%
Costco: up 9%; excluding fuel inflation and currency issues, same store sales rose 4%