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Friday, June 04, 2010
Retail Diamonds in the Rough
Barron’s
Brian Sozzi, a retail analyst at Wall Street Strategies, says increased savings among consumers is putting a crimp in the retail numbers. "If that money is being put into bank accounts, it's not going into retail," he says.
With unemployment stubbornly high, discounters continued to post large sales gains in May. Costco (ticker: COST) posted the largest growth, with same-store sales up 9% from a year ago.
Link to full article: http://online.barrons.com/article/SB127551619864000221.html
Posted by Brian Sozzi, Research Analyst
Archives
8/20/2010 - Video: Retail for Sale: Time for Private Equity to Shop
7/21/2010 - Cola Wars: Coke vs. Pepsi
7/21/2010 - Earnings: Instant Reaction to Coca-Cola Earnings
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6/4/2010 - Wal-Mart, Target divergence seen in first quarter
6/4/2010 - Retail Stocks Slide As Cautious Outlooks Concern Investors
6/4/2010 - Have Consumers Moved on From Discounters?
6/4/2010 - Wal-Mart profit rises, but US sales in squeeze
6/4/2010 - American Eagle's weak Q2 view drags down shares
6/4/2010 - The Rising Cost of Retail: Who Will Win?
6/4/2010 - May US retailers' sales lackluster; consumers wary
6/4/2010 - Wal-Mart to boost jobs 23 pct, sets new buyback
6/4/2010 - Urban Outfitters' Q1 beat fails to impress investors
6/4/2010 - Express IPO shares get lukewarm reception
6/4/2010 - High on Lowe's
6/4/2010 - Home Depot 1Q Profit Rises 41%; Co Raises Full-Year View
6/4/2010 - Sears 1Q Profit Slides 39%, Hurt By Lower Margins
6/4/2010 - Euro worries stalk Guess, whose shares fall 7 pct
6/4/2010 - May Sales: What Retailers Aren't Saying
6/4/2010 - Retail Diamonds in the Rough
6/4/2010 - Wal-Mart execs to be scrutinized as shareholders seek views on bolstering US namesake business
5/11/2010 - Retailers Fall As April Same-Store Sales Disappoint
5/11/2010 - Coach Caters to Men With New NYC Shop
5/11/2010 - Don't Fret, Target's a Good Bet
5/11/2010 - US same-store sales disappoint
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