U.S. Retail Sales Roundup

U.S. retailers reported disappointing October sales numbers. Of the 17 retailers reporting results, about 80 percent missed estimates according to Thomson Reuters data.

Many retailers said they will look ahead to the holiday season as opportunity to increase numbers.

Macy’s Inc. (NYSE:M) reported monthly sales increased 2.2 percent, below analysts’ estimates of 3.6 percent. The company attributed October’s mild weather in the first half of the month as a delay for consumers to purchase coats and sweaters. The second half of the month saw cooler temps but last week’s Northeast snowstorm deterred shopping and a potential for increased sales numbers.

Looking ahead, the company is optimistic its fourth quarter forecast for a 4 to 5 percent sales increase will be met. Get the most recent company news and stock data here >>

Gap Inc. (NYSE:GPS) saw its October sales fall 6 percent and miss analysts ‘ estimates. Chief Executive Glenn Murphy responded, “Our teams are determined to compete aggressively this holiday season.” Get the most recent company news and stock data here >>

Limited Brands Inc. (NYSE:LTD), parent to Victoria’s Secret, reported a 6 percent October sales increase, falling short of the 6.2 percent estimates. Get the most recent company news and stock data here >>

Teen retailers’ Wet Seal Inc.(NASDAQ:WTSLA) and Hot Topic Inc. (NASDAQ:HOTT) cut their outlooks with Hot Topic noting disappointing Halloween sales. Bright spots for these retailers included Zumiez Inc. (NASDAQ:ZUMZ) with an October sales increase of 3.3 percent vs a 2.8 percent increase estimate and American Eagle Outfitters Inc. (NYSE:AEO) saw greater than expected third quarter sales, subsequently raising its outlook. Get the most recent company news and stock data here >>

Additional good news was Aeropostale Inc. (NYSE:ARO). The company increased its third-quarter profit forecast up to $0.28 cents per share from $0.15 from a previous guidance. Sales did decline 9 percent in the third quarter but below analysts’ expectations. Get the most recent company news and stock data here >>

Abercrombie & Fitch Co. (NYSE:ANF) reported a third quarter 7 percent rise in same-store sales, but noted U.S. sales was affected by slowing expansion in European sales, including negative sales in the region’s flagship stores. Japan and Canada also saw negative sales. Get the most recent company news and stock data here >>

Stage Stores Inc. (NYSE:SSI) missed sales forecasts and incurred a great than expected loss. Get the most recent company news and stock data here >>

Buckle Inc. (NYSE:BKE) exceeded expectations and announced an 8.7 percent October sales increase. Get the most recent company news and stock data here >>

Dillard’s Inc. (NYSE:DDS) sales jumped 8 percent, surpassing its 3.7 percent estimate. Get the most recent company news and stock data here >>

Costco Wholesale Corp. (NASDAQ:COST) sales increased 9 percent, coming in slightly below the 9.2 percent analyst estimates. Currency translations contributed to the missed number. Get the most recent company news and stock data here >>

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