Spending data show December sales strong

Story Topics
Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

In the teen arena, Abercrombie & Fitch Co. is seeing a resurgence in sales, drawing shoppers back from lower-priced Aeropostale Inc., which was a winner early in the recession but has discounted its goods as much as 75 percent to keep shoppers interested. In children’s clothing, the lower-priced Children’s Place is losing ground to competitors Gymboree and Gap Kids, both of which have been discounting but offer higher quality, Mr. Morris said.

Thursday’s other winners are likely to include Macy’s Inc., whose tailoring of merchandise to local markets took hold this holiday season. Luxury merchants such as Saks Inc. also are expected to fare well, as are discounters including Target, which is expected to benefit from the 5 percent discount it is offering customers who pay with its branded credit cards.

Ken Perkins, president of RetailMetrics LLC, will dissect the individual retailers’ reports for any commentary on whether markdowns had any effect on profits.

Analysts also will want details on how post-Christmas shopping is shaping up and what role gift cards are playing. And, of course, there’s the blizzard.

“The blizzard is clearly a wild card in trying to assess December,” Mr. Perkins said.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks