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Article: Easy Comps Help Retail Sales - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 5, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Easy Comps Help Retail Sales - Analyst Blog
Easy comparisons and relatively favorable weather helped increase same-store sales in the typically weak month of October for retailers, up 1.8% from the year-earlier level but below the 2% growth expectation. Results for this series, which tracks data for stores open at least a year from 30 major retailers, had come ahead of expectations the last two months.
As a result of the financial crisis last fall, conditions were extremely bad in October of last year, when retail sales were down 4.1%.
October is typically a weak month for retailers, sandwiched as it is between the active shopping periods of back-to-school and the ...