Retail surprise: luxury Beats discounters
Many investors and analysts expect discount retailers while doing last month. In an era where the United States economic recovery seems to be slowing down, it is logical that shoppers may be looking for bargains.
Apparently not.The trend towards June retail sales figures released today the most striking is how many expensive shops and luxury retailers fight attentes.Discompteurs, meanwhile, disappointed investors largely.
Bloomberg News reports:
Nordstrom [JWN] string U.S. store with over 100 locations, sales jumped 14.1% stores open at least a year, more than estimated average 9.1% of the retail settings. J.C. Penney [plan], the U.S. store third sales climbed 4.5 per cent, compared to a projection of 3.7 %.Macy [M], Shop No. 2, has increased by 6.5%, topping of estimates.Throughout June, same store sales stores rose 5.9%, according to the Council International shopping centres and same-store sales rocketed 8.8% higher luxe.Magasins discount, chain saw during this time, a 2% sales increase.
GAP (GPS) illustrates the trend, with different results to its channels aimed at high- and low - end consumers. His string of Banana Republic 400 d has reported an increase of 6% from the same store sales, just a little under Wall Street had expected, according to 6.9 %.Mais discount chain retail settings Old Navy reported flat sales even though analysts were expecting an increase of 4.9% sales.
To the rest of the retail world, dollar stores continue to reasonably well serve the unemployed and others seek deep discounts.Family Dollar Stores (FDO), reported earnings on 7 July, said same-store sales increased by 5.5% in June.But investors were clearly disappointed by the results and prospects of the string for the next stock trimestre.Le fell 8.1% on 7 July.
"The environment remains difficult for consumers," Family Dollar financial director Kenneth t. Smith told analysts.A problem for consumers to lower-end cited in Family Dollar executives is uncertainty as to the extension of benefits for the unemployed.
Another factor could be keeping a lid on low-income spending: instead of shopping, heavily indebted consumers pay off the coast of credit cards and other dettes.Dans published data on July 8, consumer credit fell 9.1 billion in May and 14.9 billion in avril.écrit Ward McCarthy, chief financial economist at Jefferies Economics:
Consumers have been re-balance budgets in paying down debt and by increasing the économies.Tant credit continues to contract at this rate, the prospects for a strong increase in consumer spending are thin.Many luxury consumers seem to return to shopping centres without these notes of Bloomberg News, contraintes.Comme Tiffany & co. (fit) Chief Financial Officer James Fernandez said an investment Conference June 30: "the United States customers are feel more confident than last year, related to the improved levels of net worth."
While unemployment remains high, the economy improves lentement.à a moment, we could attend a growing division in attitudes among those who feel private cash (particularly the unemployed and underemployed them) and those who feel more confident in their economic status.
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