NEW YORK (Thomson Financial) - A report issued by Thomson Proprietary
Research estimates a 2% gain in Thomson Financial's same-store sales index,
which is below the 3% rise reported last year.
Excluding Wal-Mart Stores Inc., the world's largest retailer, Thomson sees a
2.7% rise in October same-store sales, compared to the 4.9% result posted in
2006.
The decline from 2006, the report read, is partially because of
warmer-than-usual weather, which "continues to soften consumer's interest in
fall related merchandise." At the same time, a recent positive job report and
stronger-than-expected GDP suggests "that the consumer is still very much
engaged."
One of the strongest sectors is expected to be discount retailers, which,
excluding the effect of Wal-Mart, is estimated to post a 4% rise.
Teenage retailer Zumiez Inc. is among the leaders in October sales with an
expected 6.3% rise, with Saks Inc. following with an 5.4% estimate.
Among the sectors expected to report poor performances is specialty stores,
which are estimated to report an average decline in sales of 1.4%.
The company with the lowest estimated report is Sharper Image Inc., expected
to post an 11% decline. Wilson's Leather is expected to fall 7%.
Thomson Proprietary Research is a division of Thomson Corp., which produces
this news wire.
Ryan Vlastelica
rv/tk1
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