Sponsors
Billabong ▼ -0.010 | PPR ▼ -0.20 | American Apparel ▼ -0.07 | The Buckle ▲ +0.47 | Columbia ▲ +1.81 | Deckers Outdoor ▲ +0.30 | Dicks ▼ -0.44 | Foot Locker ▼ -0.41 | Genesco ▼ -0.52 | Iconix Brand Group ▲ +0.11 | Jarden Corp ▲ +0.02 | Nordstrom ▲ +0.11 | Luxottica ▲ +0.62 | Nike ▲ +0.22 | Pacific Sunwear ▲ +0.03 | Skullcandy ▲ +0.07 | Sport Chalet ▼ 0.00 | Urban Outfitters ▲ +0.02 | VF Corp ▼ -0.08 | Quiksilver ▼ -0.07 | Zumiez ▲ +0.45 | Macys ▲ +0.25 | Tillys ▲ +0.06 |
Ticker Sponsor
Readers Say
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

CIT: Acquires SoCal-based One West Bank
SDSI: Sports and active lifestyle employment outlook.
MLA: Legal risk management of staging modern sports experiences in non-traditional settings.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Customers and competitors post mixed results

The Buckle reported better
The Buckle reported better than expected results for October.
By Tiffany Montgomery
November 03, 2011 7:35 AM

Retailers reported mixed results for October this morning, with some coming in below expectations and lowering their third quarter earnings guidance, while others posted good results.

 

Here are the results from a variety of retailers. Zumiez reported October sales Wednesday. Click here for details.

 

The Buckle continued to post solid results, with October same store sales up 8.7%. In the third quarter, same store sales rose 9.1%.

 

The Buckle's October results were better than the 6.3% increase expected by analysts.

 

Abercrombie & Fitch, the parent company of Hollister, reported that its domestic business in the third quarter accelerated while its international business slowed, and comps turned negative at its international flagship stores. Sales in Japan and Canada also fell.

 

In total, Hollister was the company’s best performing chain, with same store sales rising 8% in the third quarter. Hollister ended the quarter with 501 stores in the U.S. and 63 international stores.

 

Company wide, sales in the U.S. rose 14% to $820.2 million. International sales rose 56% to $255.7 million. Total sales rose 21% to $1.07 billion.

 

Macy’s reported a 2.2% rise in October same store sales, with warmer weather and then a late-month snowstorm impacting sales. Same store sales in the third quarter rose 4%. The company expects a solid holiday season with same store sales in the fourth quarter expected to rise 4% to 4.5%.

 

Nordstrom said same store sales in October rose 5.4%, while same store sales in the third quarter rose 7.9%.

 

Wet Seal reported one of the biggest declines, with same store sales falling 9.7%. Sales were “well below expectations” at both Wet Seal and Arden B. As a result, the company lowered third quarter earnings expectations.

 

Hot Topic said same store sales declined 1.6% in the third quarter, and the company said earnings would come in at the low end of its guidance, and it lowered its expectations for the fourth quarter.

 

 

 

 

 


Articles You Might Have Missed