Gap Up, Costco Down on Mixed Retail Sales

Wyatt Investment Research

The February sales numbers are in for U.S. retailers, and the results are decidedly...mixed.

Only a few dozen retailers still report monthly sales, and those that reported were all over the map in last month.

Gap’s (GPS) same-store sales increased 3% from last February and Costco’s (COST) same-store sales were up 6%.

Lesser known retailers such as Ross Stores (ROST), Buckle (BKE) and Zumiez (ZUMZ) didn’t fare so well last month, with each of their same-store sales declining.

All of those small-cap stocks plummeted today on the bad sales news. Gap shares, meanwhile, shot up 4.5%. Costco shares, strangely, fell a few ticks despite same-store sales that were not only 6% higher than a year ago, but also outpaced analyst expectations.

Limited Brands (LTD) , owner of Victoria’s Secret and Bath & Body Works, saw its shares fall half a percent despite a 3% increase in same-store sales.

Most of the larger retailers, such as Wal-Mart (WMT), Target (TGT) and Macy’s (NYSE:M) , no longer report monthly sales.

Among those that still do, same-store sales collectively rose 3.8% in February – not bad, but about half last February’s year-to-year sales increase of 7.4%.



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