LONDON, January 16, 2013 /PRNewswire/ --
StockCall
analytical team completed technical and charting analysis after
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Many of the major players in the department stores industry
posted improved year-over-year December sales figures, as an
improving economy and lower unemployment levels helped to offset
"fiscal cliff" fears. Discounts late in the month for Kohl's
Corporation[(1)] (NYSE:KSS) were a
concern however.
According to the National Retail Federation, December retail
sales excluding restaurants, gas stations and automobiles improved
by 2.1% when compared to the same period last year. Several stores
also reported improved year-over-year same store sales, which bodes
well for the industry moving forward. Lower prices at the pump and
an improved housing market could also fuel growth in 2013.
December sales improved for many retailers including The TJX
Companies Inc.[(2)] (NYSE: TJX).
TJX Companies' sales for the month of December came in 10% higher
to $3.6 billion as compared to last
year's sales figure of $3.3 billion.
The off-price retailer saw its comparable sales grow by 6% over a
year ago on the back of superior customer traffic which in turn was
possible as the company exposed a wider and better choice of
branded products in its stores at value prices.
In the case of Kohl's sales fell short of estimates. Whilst the
company's same-store sales were still 3.4% higher than a year back.
Kohl's did not meet the company's sales projections, and the
disappointing part was a large number of its sales were completed
near the end of the holiday cycle, only when the retailer provided
discounts on merchandise, thus narrowing its margin.
Nevertheless, 2013 could be a year of growth for department
stores, and those that can streamline operations could come out on
top. See how these companies have performed over the past years and
their projections are for 2013. Register today for free at
http://www.stockcall.com/register
Footer:
- Kohl's Corporation Technical Analysis [
http://www.StockCall.com/KSS011613.pdf ]
- The TJX Companies Inc. Technical Analysis [
http://www.StockCall.com/TJX011613.pdf ]
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