ROTH investor conference is Sunday - Wednesday. Implications of a new tax on some high net-wealth individuals from Moss Adams Capital. "The Legacy of Bing," next up at SHACC. Details on Industry Insight.
Retailers reported better expected results Thursday for March as consumers began shopping more and because of easy comparisons vs. last year and the earlier Easter.
Here’s a roundup of March same stores sales for some industry customers and competitors.
A reminder: PacSun doesn’t report monthly same store sales any more.
Yesterday, we reported Zumiez’s same store sales results.
The Buckle: up 7.2%
Hot Topic: down 7.5%. Company authorized special $1 per share dividend in addition to regular 7 cents dividend.
Wet Seal: up 6.3%
Gap: up 11%, all divisions positive.
Hollister: down 1%
Aeropostalé: up 19%, raised guidance
Nordstrom: up 16.8%, opening at Fashion Island in Newport Beach in April.
Macy’s: up 10.8%, better than expected
Dillard’s: up 9%, junior’s, children’s, shoes strong
JC Penney: up 5.4%, raised guidance
Target: up 10.3%, apparel strong
Kohl’s: up 22.5%, all lines of business and regions positive. Increased traffic drive sales.