New subject: RETAILERS. . . . Bargain Retailers are going wild today. . .
FTUS + 9 percent [SSS=+19 pct, sales up 28 pct.]
DG + 10.7 percent [SSS=+9.2 pct, sales up 23 pct and upgrade]
FDO + 6.5 percent [SSS=+9.4pct, sales up 18 pct]
SMRT + 4.4 percent [SSS=+8 pct, sales up 15 pct]
ROST + 5 percent
TJX + 4 percent
AMES unch on low volume
CULS unch on no volume
PSMT - 1/8 on low volume
DLTR - 7/16 on regular volume
Wal-Mart Stores Inc.
Four weeks ended May 28:
Same-store sales rose 7.7 percent.
Total sales were $11.83 billion, up 14.3 percent from $10.35 billion.
Four months ended May 28:
Same-store sales rose 8.6 percent.
Total sales were $47.43 billion, up 15.5 percent from $41.07 billion.
Sears, Roebuck and Co.
Four weeks ended May 29:
Same-store sales rose 1.9 percent.
Total sales were $3.07 billion, down 2.8 percent from $3.16 billion.
Four months ended May 29:
Same-store sales rose 1 percent.
Total sales were $12.35 billion, down 3.23 percent from $12.76 billion.
Kmart Corp.
Four weeks ended May 26:
Same-store sales rose 3.7 percent.
Total sales were $2.75 billion, up 5.6 percent from $2.6 billion.
Four months ended May 26:
Same-store sales rose 5.8 percent.
Total sales were $10.89 billion, up 7.6 percent from $10.12 billion.
J.C. Penney Co. Inc.
Four weeks ended May 29:
Same-store sales rose 2.2 percent at Penney stores only.
Total sales were $2.34 billion, up 9.8 percent from $2.13 billion.
Four months ended May 29:
Same-store sales rose 0.1 percent at Penney stores only.
Total sales were $9.91 billion, up 7.9 percent from $9.19 billion.
(Total sales include J.C. Penney stores, its catalog and drug stores, including recently acquired
drug chains.)
Dayton Hudson Corp.
Four weeks ended May 29:
Same-store sales fell 6.3 percent.
Total sales were $2.34 billion, up 10.9 percent from $2.11 billion.
Four months ended May 29:
Same-store sales rose 6.8 percent.
Total sales were $9.34 billion, up 11.5 percent.
Federated Department Stores Inc.
Four weeks ended May 29:
Same-store sales rose 4.1 percent.
Total sales were $1.33 billion, up 14.9 percent from $1.16 billion. (Total sales include the
revenues from the direct-seller Fingerhut, which was acquired in March).
Four months ended May 29:
Same-store sales rose 4 percent.
Total sales were $5.04 billion, up 9.2 percent from $4.61 billion. (Total sales include the revenues
from the direct-seller Fingerhut, which was acquired in March).
May Department Stores Co.
Four weeks ended May 29:
Same-store sales rose 2.9 percent.
Total sales were $1.01 billion, up 7.3 percent from $939.7 million.
Four months ended May 29:
Same-store sales rose 3.4 percent.
Total sales were $3.95 billion, up 7.8 percent from $3.66 billion.
Gap Inc.
Four weeks ended May 29:
Same-store sales rose 8 percent.
Total sales were $780 million, up 28 percent from $609 million.
Four months ended May 29:
Same-store sales rose 10 percent.
Total sales were $3.06 billion, up 31 percent from $2.33 billion.
Limited Inc. (NYSE:LTD - news)
Four weeks ended May 29:
Same-store sales rose 10 percent.
Total sales were $728 million, up 8 percent with $677 million.
Four months ended May 29:
Same-store sales rose 12 percent.
Total sales were $2.83 billion, up 6 percent from $2.69 billion.
TJX Cos.
Four weeks ended May 30:
Same-store sales rose 1 percent.
Total sales were $674 million, up 10 percent from $610 million.
Four months ended May 30:
Same-store sales rose 5 percent.
Total sales were $2.63 billion, up 10 percent from $2.39 billion.
Dillard's Inc.
Four weeks ended May 29:
Same-store sales up 2 percent.
Total sales were $612 million, up 23 percent from $498 million.
Four months ended May 29:
Same-store sales rose 3 percent.
Total sales were $2.13 billion, up 26 percent from $1.68 billion.
Saks Inc. (NYSE:SKS - news)
Four weeks ended May 29:
Same-store sales rose 3 percent.
Total sales were $480 million, up 10 percent from $438 million.
Four months ended May 29:
Same-store sales rose 3 percent.
Total sales were $2.02 billion, up 9 percent from $1.85 billion.
Clearly, the BARGAINS are with the BARGAIN retailers. . . these have shown consistently strong growth over the past year, REGULARLY outperforming the larger department store retailers.
FTUS is an amazing little sleeper I first bought when it was Family Bargain stores [FBAR]. . . today, it was the WINNER in the retail segment, FDO [Family Dollar] is in second place with it's strong numbers, followed by DG [Dollar General] today's most celebrated, other than WMT, with the upgrade, etc. and SMRT [Stein-Mart] an often forgotten retailer that specializes in selling the same brands as the mall [often at the same time], yet at regular discounts. . . get it on sale at Stein-Mart and you've really got a bargain, IMO.
Looking to go stronger into the bargain sector of retailing for future long portfolios, due to their consistent performance.
Rande Is |
