Nordstrom Sees SSS Increase and 4 Hot Stocks Demanding Attention
Target Corporation (NYSE:TGT): Current Price $62.21
Target Corporation (NYSE:TGT) reports comparable store sales in January rose 3.1% over the year ago period. Net retail sales for the five weeks period ended February 2 were $5.973 billion, up 29.6% compared to the four weeks period ended January 28, 2012. “January comparable-store sales were in line with our expectations as guests responded to clearance prices on holiday inventory,” said Gregg Steinhafel, Chairman, President and CEO of Target Corporation.
Gap Inc (NYSE:GPS): Current Price $31.95
Gap Inc (NYSE:GPS) reports January 2013 comparable sales were up 8% compared to a 4% decline in January 2012. Net sales for the five day period ending February 2, 2013 were $1.13 billion compared to $833 million in the year ago period. “We’re pleased with the continued momentum in the business across all our brands in North America,” said Glenn Murphy, Chairman and CEO of Gap. “As we transition to 2013, our focus remains on delivering compelling product in order to sustain our positive sales performance.”
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Macy’s Inc (NYSE:M): Current Price $39.98
Macy’s Inc (NYSE:M) reports January 2013 same-store sales were up 11.7% as compared to January 2012. Total sales of the five weeks ending February 2, 2013 increased 34.6% $1.799 billion compared to $1.337 billion in the year ago period. “Simply put, January was an outstanding month for Macy’s and Bloomingdale’s. Our sales were driven by our strategy to flow-in more fresh fashion goods in December to better serve post-holiday shoppers seeking new and interesting merchandise,” said Terry J. Lundgren, Chairman, President and CEO of Macy’s, Inc.
Blackberry (NASDAQ:BBRY): Current Price $16.44
Richard “Dick” Lynch, retired executive vice president of Verizon Communications Inc, and Bert Nordberg, former chief executive officer of Sony Ericsson Mobile Communications, join as directors on Blackberry’s (NASDAQ:BBRY) Board of Directors. With these appointments, BlackBerry’s board now has 12 members.
Nordstrom (NYSE:JWN): Current Price $54.61
Nordstrom (NYSE:JWN) reports an 11.4% increase in same-store sales for January. Total sales for the five-week period ended February 2, 2013, increased 38.4% to $951 million compared with $688 million in the same period last year.
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