NEW YORK, NY -- (Marketwire) -- 04/09/12 -- It is shaping up to be a good year for major retailers. Contributing factors such as warmer weather, demand for new spring fashions and an improving economy have a number of major retailers reporting strong same-store sales for March. Five Star Equities examines the outlook for companies in the Retail Industry and provides investment research on Macy's, Inc. (NYSE: M) and The TJX Companies, Inc. (NYSE: TJX)
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Last month was the warmest March for North America in more than 50 years, according to Planalytics. "It puts people in the frame of mind to buy the product," said Dorothy Lakner, an analyst at Caris & Co. "The other important thing to keep in mind is just the fashion trends - the color is really appealing to people."
Same store sales are a great way for investors to measure the strength of the industry. The 18 retailers tracked by Thomson Reuters posted a 6.9% rise in March same-store sales when a 5.3% gain was expected.
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Macy's, Inc. reported total sales of $2.358 billion for the five weeks ended March 31, 2012, an increase of 6.9 percent compared with total sales of $2.206 billion in the five weeks ended April 2, 2011. On a same-store basis, Macy's, Inc. sales were up 7.3 percent in March 2012 as compared to March 2011.
The TJX Companies, Inc. reported March 2012 sales results. Sales for the five-week period ended March 31, 2012, were $2.3 billion, and up 14% over the $2.0 billion achieved during the five-week period ended April 2, 2011. For the nine-week period ended March 31, 2012, sales reached $4.0 billion, a 13% increase over the $3.5 billion achieved in the same period last year.
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