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Industry Insight

MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.

Details on Industry Insight.


Tiffany Montgomery
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Retail sales improved in February

By Tiffany Montgomery
March 04, 2010 6:14 AM

Retailers reported improved same store sales in February indicating consumers opened their wallets last month and the easier comparisons from February 2009, which was especially grim at retail.

Here are some results for industry customers and competitors.

Zumiez released results yesterday and PacSun no longer reports monthly same store sales.

Urban Outfitters also reported fourth quarter and full year earnings results.

February same store sales

The Buckle: up 5.1%

Macy’s: up 3.7%

Nordstrom: up 10.3%

Aeropostale: up 7%

Hot Topic: down 7%

Hollister: up 1%

Gap: up 3%

Urban Outfitters

Q4 net income: up 92% to $78 million

Full year net income: up 10.1% to $220 million

Q4 net sales: up 16% to $589 million

Q4 same store sales: up 4%

Q4 direct to consumer sales: up 28%

Q4 wholesale sales: down 2%

Full year sales: up 6% to $1.9 billion

February 2010 same store sales: The company said February comps were higher than Q4 same store sales.

 

 

 


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