SECTOR MONTHLY SAME STORE SALES
 

COMPARABLE STORE SALES DECEMBER 2006


Welcome to the new Global Credit Services "Interactive Graph Interface". This new graph enables the user to plot a company's performance against the best and worst performers in retail over the last two years. The Best of Breed may be a different company each month from those retailers who report monthly comparable store sales. This Interactive Graphing product allows the user to click on any company in the report and that company's results gets charted against the best and worst performers over this time period.

Industry Credit
Rating
Company YTD Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       



Companies Ranked by Industry

Credit
Rating
Apparel Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
B+  GYMBOREE CORP  15.00  16.00  105.30  86.60  22
A  AMERICAN EAGLE OUTFITTERS INC  13.00  9.80  522.40  433.20  21
NR  VICTORIAS SECRET STORES INC/LIMITED BRANDS  10.00  4.00  0.00  0.00  0
C+  TJX COMPANIES INC  6.00  6.00  2500.00  2300.00  9
B  DRESS BARN INC  5.00  8.00  160.00  147.20  9
C  CHILDRENS PLACE RETAIL STORES  5.00  11.00  318.50  286.70  11
A-  BEBE STORES INC  4.00  1.10  95.60  84.20  14
B-  CACHE INC  4.00  4.00  39.10  37.70  4
C+  LIMITED BRANDS INC  4.00  3.00  2027.00  0.00  0
A  BUCKLE INC,THE  3.60  -1.30  88.00  82.80  6
D-  TALBOTS INC  2.20  1.10  270.50  222.80  21
B-  ROSS STORES INC  2.00  6.00  729.00  672.00  8
C  FREDS INC  2.00  1.90  221.50  205.00  8
NR  BANANA REPUBLIC INC/THE GAP INC  2.00  -5.00  0.00  0.00  0
B+  AEROPOSTALE INC  1.70  11.40  266.70  236.80  13
B+  JOS A BANK CLOTHIERS INC /DE/  1.40  20.70  102.00  91.10  12
C  WET SEAL INC  1.30  38.50  76.50  69.90  9
C-  STEIN MART INC  0.00  -6.10  216.00  211.80  2
A-  CITI TRENDS INC  -0.10  21.40  60.40  51.30  18
E+  MOTHERS WORK INC / MOTHERHOOD MATERNITY  -0.30  3.50  55.60  55.60  0
A-  ABERCROMBIE & FITCH CO  -1.00  29.00  603.60  525.90  15
A-  CHICOS FAS INC  -2.00  16.40  193.20  172.60  12
C-  UNITED RETAIL GROUP INC/DE  -2.00  16.00  55.70  56.60  -2
C+  PACIFIC SUNWEAR OF CALIFORNIA INC  -3.20  1.00  250.30  242.40  3
NR  EXPRESS INC/LIMITED BRANDS  -5.00  0.00  0.00  7.00  -100
C+  HOT TOPIC INC  -5.10  -6.20  131.00  132.90  -1
B-  ANNTAYLOR STORES CORP  -5.30  1.50  274.60  267.70  3
B+  CATO CORP  -6.00  -2.00  100.50  104.30  -4
B+  CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS  -7.00  2.00  60.00  60.20  -0
A-  DEB SHOPS INC  -7.50  4.50  41.00  42.70  -4
NR  GAP INC  -8.00  -10.00  0.00  0.00  0
B  GAP INC,THE  -9.00  -9.00  2340.00  2400.00  -3
NR  OLD NAVY/THE GAP INC  -10.00  -10.00  0.00  0.00  0
NR  LIMITED STORES INC ,THE/LIMITED BRANDS  -10.00  -1.00  0.00  1911.00  -100
E  WILSONS THE LEATHER EXPERTS INC  -23.00  -7.70  75.00  110.20  -32

Credit
Rating
Consumer Electronics Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
F  SHARPER IMAGE CORP  -22.00  -15.00  0.00  150.20  -100

Credit
Rating
Dept Stores & Catalogs Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
C-  SAKS INC/FKA PROFFITTS INC  11.10  2.40  444.00  898.40  -51
B-  NORDSTROM INC  9.00  7.70  1271.30  1160.00  10
C-  MACYS INC (FKA FEDERATED DPT STORES)  4.40  3.40  0.00  5708.00  -100
A-  KOHLS CORP  3.00  4.60  2761.00  2481.80  11
B-  JC PENNEY CO INC  2.60  2.20  2960.00  3256.00  -9
B-  STAGE STORES INC  2.20  7.30  270.00  241.90  12
E  GOTTSCHALKS INC  2.10  3.70  133.10  131.50  1
D  GORDMANS INC  0.80  0.01  0.00  0.00  0
D  DILLARDS INC-HQ  -5.00  1.00  1226.00  1270.30  -3
E+  BON TON STORES INC  -5.80  0.08  642.00  259.90  147

Credit
Rating
Drug Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
B-  CVS/CAREMARK CORPORATION  8.50  7.30  5000.00  4000.00  25
E+  RITE AID CORP  2.60  3.90  1490.00  1803.00  -17
C-  LONGS DRUG STORES CORP  1.00  2.40  567.30  527.10  8

Credit
Rating
Footwear Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
C-  SHOE CARNIVAL INC  10.60  10.60  72.50  72.50  0
B-  COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE  -1.50  -1.50  266.30  264.30  1

Credit
Rating
Home Furnishings Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
E-  BOMBAY COMPANY INC CASE NUMBER 07-44084  -3.50  -3.50  100.50  100.50  0
E  PIER 1 IMPORTS INC  -4.80  -4.80  286.90  286.90  0
C-  HAVERTY FURNITURE COMPANIES  -9.20  -0.70  73.90  79.10  -7

Credit
Rating
Mass Merchandisers-Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
B-  COSTCO WHOLESALE CORP  9.00  7.00  7240.00  6370.00  14
D  DOLLAR GENERAL CORP  7.10  -2.80  1180.00  1049.00  12
NR  SAMS CLUB  4.70  3.60  4735.00  4605.00  3
D  DUCKWALL ALCO STORES INC  4.20  4.60  67.20  62.80  7
B-  TARGET CORP  4.10  4.70  9250.00  8420.00  10
B-  WAL MART STORES INC  1.60  2.20  4440.00  40826.00  -89
B-  FAMILY DOLLAR STORES INC  1.20  2.30  850.70  804.90  6
C+  BJS WHOLESALE CLUB  0.60  1.40  1010.00  965.90  5

Credit
Rating
Sporting Goods Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
0  ZUMIEZ INC  11.50    62.50    0

Credit
Rating
Specialty Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Dec Prior Year Dec Prior Year
NR  BATH & BODY WORKS/LIMITED BRANDS  5.00  1.00  0.00  0.00  0
D+  JO ANN STORES INC  -0.50  -0.50  273.50  273.50  0
E  HANCOCK FABRICS INC CASE NUMBER 07-10353  -4.90  -4.90  48.30  48.30  0



Performance Insight


Top 10 Retail Performers

Industry Credit
Rating
Company Comp %
APP    B+ GYMBOREE CORP 15.0 
APP    A AMERICAN EAGLE OUTFITTERS INC 13.0 
SG    0 ZUMIEZ INC 11.5 
DEP    C- SAKS INC/FKA PROFFITTS INC 11.1 
FW    C- SHOE CARNIVAL INC 10.6 
APP    NR VICTORIAS SECRET STORES INC/LIMITED BRANDS 10.0 
MM    B- COSTCO WHOLESALE CORP 9.0 
DEP    B- NORDSTROM INC 9.0 
DR    B- CVS/CAREMARK CORPORATION 8.5 
MM    D DOLLAR GENERAL CORP 7.1 


Rising Stars - Most Improved

Industry Credit
Rating
Company TY LY
MM    D DOLLAR GENERAL CORP 7.1 - 2.8
DEP    C- SAKS INC/FKA PROFFITTS INC 11.1 2.4
APP    NR BANANA REPUBLIC INC/THE GAP INC 2.0 - 5.0
APP    C- STEIN MART INC 0.0 - 6.1
APP    NR VICTORIAS SECRET STORES INC/LIMITED BRANDS 10.0 4.0
APP    A BUCKLE INC,THE 3.6 - 1.3
SR    NR BATH & BODY WORKS/LIMITED BRANDS 5.0 1.0
APP    A AMERICAN EAGLE OUTFITTERS INC 13.0 9.8
APP    A- BEBE STORES INC 4.0 1.1
MM    B- COSTCO WHOLESALE CORP 9.0 7.0


Bottom 10 Retail Performers

Industry Credit
Rating
Company Comp %
APP    E WILSONS THE LEATHER EXPERTS INC - 23.0 
CE    F SHARPER IMAGE CORP - 22.0 
APP    NR OLD NAVY/THE GAP INC - 10.0 
APP    NR LIMITED STORES INC ,THE/LIMITED BRANDS - 10.0 
HF    C- HAVERTY FURNITURE COMPANIES - 9.2 
APP    B GAP INC,THE - 9.0 
APP    NR GAP INC - 8.0 
APP    A- DEB SHOPS INC - 7.5 
APP    B+ CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS - 7.0 
APP    B+ CATO CORP - 6.0 


Falling Stars - Sharpest Decline

Industry Credit
Rating
Company TY LY
APP    C WET SEAL INC 1.3 38.5
APP    A- ABERCROMBIE & FITCH CO - 1.0 29.0
APP    A- CITI TRENDS INC - 0.1 21.4
APP    B+ JOS A BANK CLOTHIERS INC /DE/ 1.4 20.7
APP    A- CHICOS FAS INC - 2.0 16.4
APP    C- UNITED RETAIL GROUP INC/DE - 2.0 16.0
APP    E WILSONS THE LEATHER EXPERTS INC - 23.0 - 7.7
APP    A- DEB SHOPS INC - 7.5 4.5
APP    B+ AEROPOSTALE INC 1.7 11.4
APP    NR LIMITED STORES INC ,THE/LIMITED BRANDS - 10.0 - 1.0


Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
15.0  0.4  - 23.0 
APP Apparel Stores 15.0  - 0.6  - 23.0 
CE Consumer Electronics - 22.0  - 22.0  - 22.0 
DEP Dept Stores & Catalogs 11.1  2.4  - 5.8 
DR Drug Stores 8.5  4.0  1.0 
FW Footwear Retail 10.6  4.6  - 1.5 
HF Home Furnishings - 3.5  - 5.8  - 9.2 
MM Mass Merchandisers-Retail 9.0  4.1  0.6 
SR Specialty Retail 5.0  - 0.1  - 4.9 
SG Sporting Goods Retail 11.5  11.5  11.5 


Industry Performance

As has been the case, since the start of the third quarter, the department store industry has been particularly bouyant. The only area in department stores that remains challenging is the home sections, underscored by the comps in the home furnishings market.



COMPARABLE STORE SALES REPORT

Global Credit Services' Comparable Store Sales Report focuses on macro consumer economic pattern in combination with insightful commentary. We include our proprietary rating for each company as an additional criterion to aid subscribers' assessments.

The Comparable Store Sales Report is comprised of six sections:
Top 10 Retailers
Rising stars - Most Improved
Bottom 10 Retailers
Falling Stars - Sharpest Decline
Industry Comp Performance
Alphabetic list of retail sales performances and comps

Proprietary Rating Definitions:
A - Requirements
B - Low Risk
C - Moderate Risk
D - Moderately High Risk
E - High Risk
F - Distressed Company

Methodology:
Multiple operating units of a company are reported separately as well as on a consolidated basis. Each operating unit references its parent.


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