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Retail Sales for December – No Santa

January 8, 2009 By Chuck

Williams-Sonoma (WSM) – December Same Store Sales -22.6%

Urban Outfitters (URBN) – +3%

Big 5 Sporting Goods (BGFV) -8.6%

Sears (SHLD) -7.3% (guides q4 higher) ?? I think they will miss that one.

Stage Stores (SSI) -4.9%

Wet Seal (WTSLA) -12.5%

Ultra Salon (ULTA) -5.8%

New York & Company (NWY) sees Q4 sales -10% (closing up to 50 stores, cutting workforce 12%)

Limited (LTD) -10.0% (guides lower)

The Buckle (BKE) +13.5% (wow, what are they selling?)

Pacific Sunwear (PSUN) -10.0% (cuts guidance)

Bebe Stores (BEBE) -20.1% (cuts guidance)

Cache (CACH) -19% (cuts guidance)

Zales (ZLC) -22% (CEO: This holiday period was the most difficult in memory due to the overall macroeconomic situation)

Bon-Ton Stores (BONT) -5.8%

Signet Jewelers (SIG) -10.9% (will stop paying dividend)

Gottschalks (GOTT) -9.6%

Macys (M) -4% (cuts guidance, closing 11 stores)

Gap Stores (GPS) -14% (cuts guidance)

Dillards (DDS) -5%

American Eagle (AEO) -17% (cuts guidance)

BJ Wholesale Club (BJ) +1.6%

Abercrombie & Fitch (ANF) -13% (cuts guidance significantly)

Target (TGT) -4.1%

Game Stop (GME) +10.2% (raises guidance)

Nordstroms (JWN) -10.6% (cuts guidance)

JC Penney (JCP) -8.1%

Sacks (SKS) -19.8%

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Comments

  1. ChipSeal says:
    January 8, 2009 at 2:17 PM

    These are sales on thinner margins. Anchor stores in malls often pay rent as a % of revenue, so this will be bad for commercial real estate and thus also bad for banks balence sheets.

    “Banks and thrifts would suffer in a commercial-real-estate downturn because they own nearly 50% of all commercial mortgages outstanding. … According to Foresight Analytics, as of Sept. 30, 2008, some 1,400 commercial banks and savings institutions had more than 300% of their Tier 1 capital in commercial mortgages.”

    Oh My! As chuck says, this is a new economy.