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The Buckle, Inc. Message Board

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  • chrishasty_1982 chrishasty_1982 Jul 5, 2012 11:33 AM Flag

    SSS down 2.5%

    I don't expect to see protracted weakness here. We had a warm winter that probably pulled some spring purchases into late winter (Q1) Additionally, many of the shoppers going to The Buckle are driving 1/2 hour or more, so the high gas prices in previous months were also a culprit. The comp for June was pretty strong, so a 2% deviation isn't a cause for serious concern in my view.

    New and remodeled stores will make up for the SSS numbers. I'm not worried.

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    • We've likely already seen protracted weakness ($50 down to mid-$30s, a level from which it bounced).

      That said, I don't know that it'll rocket back up any time soon. This is what I meant by rough sledding. I assumed it would sell off some today.

      TJX and Ross Stores did quite nicely in this environment. BKE is smaller and more specialized, and also more full-priced.

 
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