Same Store Sales – How Did Your Favorite Do? (ARO) (BKE) (GPS)
November 5, 2009 4:07 pm
We are regularly watching the trends in the retail sector. It has been a real treat to watch as these companies are on the front line with the consumer. What we are noticing is the continued shift by the consumer.
There was a mixed bag of results from the retailers and some of the apparel manufactures were hit hard, while others were bid higher. The difference this time was the obvious spread that showed most of the lower end retailers did better than the higher end. That may seem obvious at first, but it is abundantly clear that consumers are trading down.
Of note, Aeropostale (ARO), The Buckle (BKE) and The Gap (GPS).
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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.