MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
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.
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%
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.