Thursday, November 5, 2009

Retail Sales... "Low-End" Bias Dissipating

Same store retail sales were up 1.9% from the same period of 2008. Interestingly enough, the bifurcation between low-end (outperforming) and high-end (underperforming) is dissipating. Below we can see strength not only in "low-end" retailers like TJX (parent company of TJ Maxx and Marshalls), but in high-end retailers (i.e. Nordstrom) for the first time in a LONG time.

Those underperforming now? Those stuck in the middle of the road (i.e. JC Penney) and those with idiotic management (i.e. Abercrombie, which is just NOW abandoning its "we won't reduce prices in the worst consumer led recession in 50 years" mantra).


  1. i'm not what you might call a speler

  2. My wife alone accounts for the Marshalls jump in sales, so I think you should redo the data with her excluded, then we can see where they are at!

    Anecdotal at best, but I was at Costco this past weekend and unless nobody there is buying anything (unlikely) they seem to be doin good in the northeast. For what its worth and all that.