SECTOR MONTHLY SAME STORE SALES
 

COMPARABLE STORE SALES FEBRUARY 2005


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  AMERICAN EAGLE OUTFITTERS INC  32.40  15.20  127.00  94.60  34
A-  BEBE STORES INC  25.30  24.20  36.80  28.00  31
C  CHILDRENS PLACE RETAIL STORES  24.00  25.00  106.80  59.90  78
A-  ABERCROMBIE & FITCH CO  19.00  1.00  159.90  120.60  33
NR  DRESS BARN  19.00  5.00  0.00  0.00  0
D+  VANITY SHOPS OF GRAND FORKS INC  17.00    7.30    0
C  WET SEAL INC  16.40  -12.50  29.90  30.00  -0
B  DRESS BARN INC  15.00  5.00  71.20  37.30  91
B+  AEROPOSTALE INC  13.40  26.40  59.40  43.10  38
A-  CITI TRENDS INC  13.00    22.60    0
C-  UNITED RETAIL GROUP INC/DE  13.00  1.00  29.90  26.90  11
B+  MENS WEARHOUSE INC,THE  11.90  13.70  115.80  101.70  14
C+  PACIFIC SUNWEAR OF CALIFORNIA INC  10.50  14.10  83.10  67.70  23
A-  CHICOS FAS INC  9.20  28.00  83.50  67.20  24
D-  TALBOTS INC  8.10  5.80  95.00  84.30  13
NR  MAURICES INC/AMERICAN RETAIL GROUP  8.00    0.00    0
B-  BURLINGTON COAT FACTORY WAREHOUSE CORP  7.90  6.30  0.00  0.00  0
E  WILSONS THE LEATHER EXPERTS INC  7.80  -0.80  33.20  43.80  -24
B+  CATO CORP  7.00  -2.00  64.60  57.40  13
C  S & K FAMOUS BRANDS INC  6.70  19.70  16.60  14.50  14
A  BUCKLE INC,THE  6.40  10.80  32.60  29.30  11
C-  STEIN MART INC  6.20  7.60  105.30  98.30  7
B-  ROSS STORES INC  6.00  0.01  311.00  266.00  17
C+  TJX COMPANIES INC  6.00  10.00  1000.00  934.00  7
B  CLAIRES STORES INC  6.00  15.00  88.14  82.23  7
B+  CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS  5.00  -7.00  28.40  23.20  22
F+  FILENES BASEMENT CORP/RETAIL VENTURES INC  4.10  22.80  24.18  20.91  16
C  FREDS INC  4.10  2.10  124.60  110.40  13
B+  JOS A BANK CLOTHIERS INC /DE/  3.10  34.20  28.60  24.00  19
B-  CACHE INC  3.00  18.00  20.60  17.70  16
NR  CATHERINES INC/CHARMING SHOPPES  2.00  2.00  0.00  0.00  0
NR  VICTORIAS SECRET STORES INC/LIMITED BRANDS  1.00  12.00  0.00  0.00  0
C-  CHARMING SHOPPES INC  1.00  8.00  168.20  163.30  3
B+  GYMBOREE CORP  1.00  7.00  44.50  42.40  5
C+  HOT TOPIC INC  0.20  7.60  46.00  39.50  16
NR  LIMITED STORES INC ,THE/LIMITED BRANDS  0.01  -5.00  0.00  0.00  0
A-  DEB SHOPS INC  -0.10  12.70  23.70  24.00  -1
C  GOODYS FAMILY CLOTHING INC  -0.80  14.40  80.50  77.10  4
NR  OLD NAVY/THE GAP INC  -1.00  16.00  0.00  0.00  0
NR  GAP INC  -2.00  6.00  0.00  0.00  0
E+  MOTHERS WORK INC / MOTHERHOOD MATERNITY  -2.30  7.80  43.60  40.50  8
B  GAP INC,THE  -3.00  12.00  924.00  925.00  -0
C+  LIMITED BRANDS INC  -4.00  5.00  611.40  607.90  1
NR  FASHION BUG  -4.00  12.00  0.00  0.00  0
B-  ANNTAYLOR STORES CORP  -5.40  15.30  109.83  102.96  7
NR  BANANA REPUBLIC INC/THE GAP INC  -6.00  30.00  0.00  0.00  0
NR  EXPRESS INC/LIMITED BRANDS  -20.00  -6.00  0.00  0.00  0

Credit
Rating		 Consumer Electronics Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
F  SHARPER IMAGE CORP  -20.00  20.00  45.40  51.90  -13

Credit
Rating		 Dept Stores & Catalogs Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
D  GORDMANS INC  10.20  14.70  0.00  0.00  0
C-  NEIMAN MARCUS INC  7.70  24.40  275.00  259.00  6
B-  NORDSTROM INC  7.00  8.80  463.20  431.30  7
B-  JC PENNEY CO INC  6.10  12.10  1078.00  1197.00  -10
A-  KOHLS CORP  6.10  6.60  712.70  592.20  20
NR  LANE BRYANT INC  6.00  6.00  0.00  0.00  0
D  DILLARDS INC-HQ  5.00  2.00  653.49  621.00  5
B-  STAGE STORES INC  3.70  8.00  92.30  87.80  5
C-  SAKS INC/FKA PROFFITTS INC  3.50  14.70  437.20  426.10  3
C-  MACYS INC (FKA FEDERATED DPT STORES)  1.80  9.00  1087.00  1070.00  2
E  GOTTSCHALKS INC  -0.60  2.30  42.80  43.10  -1
E+  BON TON STORES INC  -2.50  1.90  74.80  77.00  -3
NR  VALUE CITY DEPARTMENT STORE  -4.00  5.90  90.63  93.94  -4
NR  MAY DEPT STORES CO INC/ SEE FEDERATED DEPT STORES  -4.20  3.30  1007.80  880.00  15
NR  SHOPKO STORES  -5.60  2.00  157.80  166.80  -5

Credit
Rating		 Drug Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
B  WALGREEN COMPANY INC  9.30  11.80  3439.42  3022.40  14
B-  CVS/CAREMARK CORPORATION  9.20  5.40  2890.00  2130.00  36
E+  RITE AID CORP  0.60  4.50  1630.00  1630.00  0
C-  LONGS DRUG STORES CORP  -1.60  2.10  354.30  358.20  -1

Credit
Rating		 Footwear Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
B-  COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE  13.50  -2.90  182.50  171.80  6
C-  SHOE CARNIVAL INC  13.30  4.70  48.20  40.10  20

Credit
Rating		 Home Furnishings Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
C-  HAVERTY FURNITURE COMPANIES  6.10    68.20    0
E-  BOMBAY COMPANY INC CASE NUMBER 07-44084  -6.50  -9.00  34.90  35.40  -1
E  PIER 1 IMPORTS INC  -15.30  3.30  117.28  129.85  -10

Credit
Rating		 Mass Merchandisers-Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
B-  PRICESMART INC  11.10  -5.80  48.40  43.70  11
B-  TARGET CORP  9.00  7.50  3376.00  3305.00  2
C-  COST U LESS INC  7.80  15.70  16.50  15.50  6
B-  COSTCO WHOLESALE CORP  7.00  11.00  3780.00  3490.00  8
C+  BJS WHOLESALE CLUB  6.70  7.20  535.86  488.90  10
D  DOLLAR GENERAL CORP  5.50  3.80  607.90  533.90  14
B-  FAMILY DOLLAR STORES INC  4.90  4.30  458.10  404.30  13
B-  WAL MART STORES INC  4.10  6.20  22368.00  20162.00  11
NR  PAMIDA HOLDINGS CORP  3.40  2.00  55.10  52.70  5
B  BIG LOTS INC /FKA CONSOLIDATED STORES INC  3.30  5.10  332.40  306.20  9
NR  SAMS CLUB  3.10  7.50  2823.00  2678.00  5
E+  RETAIL VENTURES INC/ FKA VALUE CITY DEPARTMENT STORES IN  1.50  10.50  182.60  166.14  10
D  DUCKWALL ALCO STORES INC  -0.30  -0.40  30.80  30.90  -0
E  SKO GROUP HOLDINGS CORP F/K/A/SHOPKO STORES INC  -3.40  2.00  212.90  219.50  -3

Credit
Rating		 Other Retail Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Feb Prior Year Feb Prior Year
D-  FACTORY CARD & PARTY OUTLET CORP NOW PART OF AMSCAN HOLDINGS  -1.90    18.60    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  8.00  0.00  0.00  0
D+  JO ANN STORES INC  1.60  12.00  128.50  123.60  4
E  HANCOCK FABRICS INC CASE NUMBER 07-10353  -8.10  -1.50  31.40  34.70  -10



Performance Insight


Top 10 Retail Performers

Industry Credit
Rating		 Company Comp %
APP    A AMERICAN EAGLE OUTFITTERS INC 32.4 
APP    A- BEBE STORES INC 25.3 
APP    C CHILDRENS PLACE RETAIL STORES 24.0 
APP    NR DRESS BARN 19.0 
APP    A- ABERCROMBIE & FITCH CO 19.0 
APP    D+ VANITY SHOPS OF GRAND FORKS INC 17.0 
APP    C WET SEAL INC 16.4 
APP    B DRESS BARN INC 15.0 
FW    B- COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE 13.5 
APP    B+ AEROPOSTALE INC 13.4 


Rising Stars - Most Improved

Industry Credit
Rating		 Company TY LY
APP    C WET SEAL INC 16.4 - 12.5
APP    A- ABERCROMBIE & FITCH CO 19.0 1.0
APP    A AMERICAN EAGLE OUTFITTERS INC 32.4 15.2
MM    B- PRICESMART INC 11.1 - 5.8
FW    B- COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE 13.5 - 2.9
APP    NR DRESS BARN 19.0 5.0
APP    C- UNITED RETAIL GROUP INC/DE 13.0 1.0
APP    B+ CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS 5.0 - 7.0
APP    B DRESS BARN INC 15.0 5.0
APP    B+ CATO CORP 7.0 - 2.0


Bottom 10 Retail Performers

Industry Credit
Rating		 Company Comp %
CE    F SHARPER IMAGE CORP - 20.0 
APP    NR EXPRESS INC/LIMITED BRANDS - 20.0 
HF    E PIER 1 IMPORTS INC - 15.3 
SR    E HANCOCK FABRICS INC CASE NUMBER 07-10353 - 8.1 
HF    E- BOMBAY COMPANY INC CASE NUMBER 07-44084 - 6.5 
APP    NR BANANA REPUBLIC INC/THE GAP INC - 6.0 
DEP    NR SHOPKO STORES - 5.6 
APP    B- ANNTAYLOR STORES CORP - 5.4 
DEP    NR MAY DEPT STORES CO INC/ SEE FEDERATED DEPT STORES - 4.2 
APP    C+ LIMITED BRANDS INC - 4.0 


Falling Stars - Sharpest Decline

Industry Credit
Rating		 Company TY LY
CE    F SHARPER IMAGE CORP - 20.0 20.0
APP    NR BANANA REPUBLIC INC/THE GAP INC - 6.0 30.0
APP    B+ JOS A BANK CLOTHIERS INC /DE/ 3.1 34.2
APP    B- ANNTAYLOR STORES CORP - 5.4 15.3
APP    A- CHICOS FAS INC 9.2 28.0
APP    F+ FILENES BASEMENT CORP/RETAIL VENTURES INC 4.1 22.8
HF    E PIER 1 IMPORTS INC - 15.3 3.3
APP    NR OLD NAVY/THE GAP INC - 1.0 16.0
DEP    C- NEIMAN MARCUS INC 7.7 24.4
APP    NR FASHION BUG - 4.0 12.0


Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
 32.4  4.4  - 20.0 
APP Apparel Stores 32.4  6.2  - 20.0 
CE Consumer Electronics - 20.0  - 20.0  - 20.0 
DEP Dept Stores & Catalogs 10.2  2.7  - 5.6 
DR Drug Stores 9.3  4.4  - 1.6 
FW Footwear Retail 13.5  13.4  13.3 
HF Home Furnishings 6.1  - 5.2  - 15.3 
MM Mass Merchandisers-Retail 11.1  4.6  - 3.4 
RET Other Retail Stores - 1.9  - 1.9  - 1.9 
SR Specialty Retail 3.0  - 1.2  - 8.1 


Industry Performance

For the second month in a row the Retail Sector outperformed the last quarter of 2004 as consumers found irresistible bargins in most Apparel Stores, Footwear outlets and Mass Merchant boxes, even while they were fighting their colds and the flu, as seen by the positive results in the Drug Stores. Unlike last year, shoppers were not impressed with the choices for home and hearth or products found at Specialty Retailers. Unable to sustain interest in their high fashion offerings, Department Stores showed only modest comp store growth for the month of February.



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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