SECTOR MONTHLY SAME STORE SALES
 

COMPARABLE STORE SALES FEBRUARY 2009


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
Feb Prior Year Feb Prior Year
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       



Companies Ranked by Industry

Credit
Rating
Apparel Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Feb Prior Year Feb Prior Year
A  BUCKLE INC, THE  21.00  24.30  63.30  49.60  28
B+  AEROPOSTALE INC  11.00  7.00  109.90  89.70  23
B-  HOT TOPIC INC  10.80  -2.30  57.30  50.40  14
B-  CATO CORP  8.00  3.00  74.70  67.20  11
C+  FREDS INC  1.80  3.00  146.40  148.50  -1
B-  ROSS STORES INC  1.00  4.00  476.00  444.00  7
B-  TJX COMPANIES INC  0.01  3.00  1220.00  1250.00  -2
C-  CHILDRENS PLACE RETAIL STORES INC  0.00  5.00  110.40  151.70  -27
E-  DESTINATION MATERNITY CORP  -3.50  4.80  42.70  45.70  -7
B-  WET SEAL INC  -6.60  -8.20  39.80  42.20  -6
C-  LIMITED BRANDS INC  -7.00  -9.00  547.80  614.40  -11
B+  AMERICAN EAGLE OUTFITTERS  -7.00  -4.00  177.20  175.10  1
NR  VICTORIAS SECRET STORES INC/LIMITED BRANDS  -9.00  -10.00  0.00  0.00  0
NR  GAP INC  -12.00  -3.00  0.00  0.00  0
B-  GAP INC,THE  -12.00  -6.00  795.00  907.00  -12
E  STEIN MART INC  -12.20  -10.40  84.10  96.10  -12
NR  OLD NAVY/THE GAP INC  -13.00  -8.00  0.00  0.00  0
NR  BANANA REPUBLIC INC/THE GAP INC  -16.00  -5.00  0.00  0.00  0
B+  ABERCROMBIE & FITCH CO  -30.00  -2.00  174.50  228.90  -24

Credit
Rating
Dept Stores & Catalogs Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Feb Prior Year Feb Prior Year
B-  KOHLS CORP  -1.60  -3.80  1006.10  971.60  4
E-  BON TON STORES INC  -8.50  -7.20  200.20  217.00  -8
D  STAGE STORES INC  -8.60  -2.50  100.90  105.90  -5
C-  JC PENNEY CO INC  -8.80  -6.70  1165.00  1256.00  -7
C-  NORDSTROM INC  -15.40  -5.80  471.00  529.00  -11
E  SAKS INC/FKA PROFFITTS INC  -26.00  3.40  166.70  227.60  -27

Credit
Rating
Drug Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Feb Prior Year Feb Prior Year
E  RITE AID CORP  -0.90  2.20  2549.00  2613.00  -2
B-  WALGREEN COMPANY INC  -1.90  8.30  5089.50  4930.00  3

Credit
Rating
Mass Merchandisers-Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Feb Prior Year Feb Prior Year
D-  DUCKWALL ALCO STORES INC  9.40  -6.80  35.60  33.20  7
B-  WAL MART STORES INC  4.50  3.00  30018.00  29188.00  3
NR  SAMS CLUB  2.10  5.20  3472.00  3363.00  3
C  TARGET CORP  -4.10  0.50  4373.00  4373.00  0

Credit
Rating
Sporting Goods Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Feb Prior Year Feb Prior Year
A-  ZUMIEZ INC  -13.40  -2.60  23.10  23.10  0

Credit
Rating
Specialty Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Feb Prior Year Feb Prior Year
NR  BATH & BODY WORKS/LIMITED BRANDS  -3.00  -10.00  0.00  0.00  0



Performance Insight


Top 10 Retail Performers

Industry Credit
Rating
Company Comp %
APP    A BUCKLE INC, THE 21.0 
APP    B+ AEROPOSTALE INC 11.0 
APP    B- HOT TOPIC INC 10.8 
MM    D- DUCKWALL ALCO STORES INC 9.4 
APP    B- CATO CORP 8.0 
MM    B- WAL MART STORES INC 4.5 
MM    NR SAMS CLUB 2.1 
APP    C+ FREDS INC 1.8 
APP    B- ROSS STORES INC 1.0 
APP    B- TJX COMPANIES INC 0.0 


Rising Stars - Most Improved

Industry Credit
Rating
Company TY LY
MM    D- DUCKWALL ALCO STORES INC 9.4 - 6.8
APP    B- HOT TOPIC INC 10.8 - 2.3
SR    NR BATH & BODY WORKS/LIMITED BRANDS - 3.0 - 10.0
APP    B- CATO CORP 8.0 3.0
APP    B+ AEROPOSTALE INC 11.0 7.0
DEP    B- KOHLS CORP - 1.6 - 3.8
APP    C- LIMITED BRANDS INC - 7.0 - 9.0
APP    B- WET SEAL INC - 6.6 - 8.2
MM    B- WAL MART STORES INC 4.5 3.0
APP    NR VICTORIAS SECRET STORES INC/LIMITED BRANDS - 9.0 - 10.0


Bottom 10 Retail Performers

Industry Credit
Rating
Company Comp %
APP    B+ ABERCROMBIE & FITCH CO - 30.0 
DEP    E SAKS INC/FKA PROFFITTS INC - 26.0 
APP    NR BANANA REPUBLIC INC/THE GAP INC - 16.0 
DEP    C- NORDSTROM INC - 15.4 
SG    A- ZUMIEZ INC - 13.4 
APP    NR OLD NAVY/THE GAP INC - 13.0 
APP    E STEIN MART INC - 12.2 
APP    NR GAP INC - 12.0 
APP    B- GAP INC,THE - 12.0 
APP    NR VICTORIAS SECRET STORES INC/LIMITED BRANDS - 9.0 


Falling Stars - Sharpest Decline

Industry Credit
Rating
Company TY LY
DEP    E SAKS INC/FKA PROFFITTS INC - 26.0 3.4
APP    B+ ABERCROMBIE & FITCH CO - 30.0 - 2.0
APP    NR BANANA REPUBLIC INC/THE GAP INC - 16.0 - 5.0
SG    A- ZUMIEZ INC - 13.4 - 2.6
DR    B- WALGREEN COMPANY INC - 1.9 8.3
DEP    C- NORDSTROM INC - 15.4 - 5.8
APP    NR GAP INC - 12.0 - 3.0
APP    E- DESTINATION MATERNITY CORP - 3.5 4.8
DEP    D STAGE STORES INC - 8.6 - 2.5
APP    B- GAP INC,THE - 12.0 - 6.0


Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
21.0  - 4.6  - 30.0 
APP Apparel Stores 21.0  - 3.9  - 30.0 
DEP Dept Stores & Catalogs - 1.6  - 11.5  - 26.0 
DR Drug Stores - 0.9  - 1.4  - 1.9 
MM Mass Merchandisers-Retail 9.4  3.0  - 4.1 
SR Specialty Retail - 3.0  - 3.0  - 3.0 
SG Sporting Goods Retail - 13.4  - 13.4  - 13.4 


Industry Performance

Not a key month in the scheme of retail results, February has consistently been the month that offers the least amount of guidance of future results for retail same store sales. It is a shorter month and typically stores offer the last of the winter products on sale and begin to offer warmer weather products. But unless you are going on vacation, the new spring items are not jumping off the shelves into consumers bags yet. This year, with the economy in recession and job losses rising, consumer confidence remains in the basement. Wal-Mart, with its tagline 'Save Money; Live Better', and other budget minded retailers are winning over customers concerned about their resources and overall wellbeing. This is not to say that these retailers are not hurting... They too have been reducing prices, as well as jobs, capital spending and overall inventory. Remaining on trend, grocery, health and wellness items, and entertainment continue to drive traffic. Overall, though, retailers are far from being out of the woods, but March and April should be a better indicator of how retailers will fare going forward.



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.


Copyright 2009 © Global Credit Services, Inc. All Rights Reserved www.globalcreditservices.com By using this site you accept Terms and Conditions of Service.