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In January, The US Retail Business Performed Well &Nbsp; Fashion Stocks Became The Big Winners.

2011/2/10 11:47:00 82

Retailer Fashion Winners

The United States was in January.

business

Dumping stocks in winter and preparing new products to go on the shelves; at the same time, consumers began to tighten their purse strings after the holiday shopping season.


In January this year, the worst snowstorm struck in six years, but the storm sweeping across the United States failed to blow away people's shopping enthusiasm.

Last month, whether it was a popular retail chain or high-end.

Luxury brand

Sales performance has kept steady growth, exceeding market expectations and pleasing surprises. At the same time, we also see people's confidence in economic recovery.


The International Shopping Center Association (ICSC) announced in February 3rd that the survey of 32 retailers operating at least one year or more showed a steady increase of 4.8% in retail sales in January, up from 1.5% to 2% a week earlier, and 3.1% and 3.5% higher than last November and last fiscal year, respectively.

ICSC also predicted that the growth rate of retail sales in February will be between 2.5% and 3%.


ICSC chief economist

niemira

(MichaelNiemira) indicated that the blizzard did not affect retail sales, indicating that the basic consumer demand was very stable.


According to ThomsonReuters data, the sales of same store sales over the past year have increased by an average of 4.2%, which is more than 2.7% of Wall Street's forecast.


With the expected retail sales, the stanpin retail group index rose 0.8%.

Fashion Company Limited (LimitedBrands), Gap (Gap) and high-end chain store North Chong (Nordstrom) have become a big winner in the stock market.


In addition, Costco revenue rose 10%, up from 7% expected by Thomson Reuters.

Sales of Macy Messi (s) also increased by 2.6%, more than 2.1% of Wall Street's forecast.


But retailers are also affected by weather factors, and some businesses are reluctant to sell their products so that sales are not up to expectations.

For example, the target store (Target), because of its high price and unmarketable electrical appliances, has dragged down its overall performance. Last month, sales increased by only 1.7%, less than that of the market.

Pani company (J.C.Penney) revenue also fell unexpectedly.

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