BOSTON (Thomson Financial) - Thomson Proprietary Research forecasts a gain
of 3.3% in same-store sales in November compared with a gain of 2.5% a year
earlier, according to the latest Thomson Financial same-store sales index.
Many retailers are scheduled to report November same-store sales on
Thursday.
According to the report, analysts estimate same-store sales in November to
increase about 5%, excluding Wal-Mart Stores Inc., higher than an increase of
4.6% posted a year earlier.
Discounters, with the exception of Wal-Mart, make up the fastest growing
sector for November and are expected to post a 3.1% gain. the report said.
Analysts, however, continue to look for an even stronger 7.8%, excluding
Wal-Mart.
Target Corp. is expected to report a rise in same-store sales of 10.3% and
top last year's result of 5.9%, according to the report. Costco Wholesale Corp.
and BJ Wholesale Club Inc. are on track to beat last year's same-store sales
with a 6.8% and 4.2% same-store sales increase, respectively.
Among the other sectors, apparels are expected to post a decline of 0.5%,
below last year's 1.2% gain, according to the report. The department-store
sector is expected to post a rise in same-store sales of 6.1%, higher than last
year's result of 4.0%.
Teen retailers are on track to post a 1.9% gain, lower than last year's 4%
gain, and the drug sector is expected to report a 4.5% increase in same-store
sales, below last years result of 7.7%.
The report said the specialty sector is expected to report the lowest
aggregate at a delcine of 3.4% in same-store sales. The sector includes some of
the worst performers, including Sharper Image Inc. with an expected decline in
same-store sales of 9.3%, and Haverty's Furniture Cos. Inc. with an estimate of
a 1% gain in same-store sales.
Casey Logan
cl/jw
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|