Insane Store Sales

Yesterday we discussed my need to visit the mall this weekend for some confirmation in light of all the Pollyanna consumer talk that’s surfaced this spring.  This morning, we got another dose.

On CNBC, a breathless Dana Telsey guided us through this morning’s March Same Store Sales numbers – against incredibly bad comps, the numbers end up looking miraculous. 

Here are some of the headlines:

Macy’s ($M) up 10.8%

Family Dollar ($FDO) up 11%

Bon Ton Stores ($BONT) up 11%

Gap Stores ($GPS) up 12%

Aeropostale ($ARO) up 19%

Costco ($COST) up 10%

Nordstrom ($JWN) up 16.8%

Saks ($SKS) up 12.7%

These numbers will be bashed and trashed all over the financial media, reasons will be given why they don’t matter – especially in light of this morning’s still-too-high initial jobless claims (up 18,000 to 460k this week). 

The bulls will make the case that this is the pent-up consumer coming out of the woodwork for good, the bears will remind us that Easter weekend came early this year and was wedged into the month’s tally. 

We’ll see what April says.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. EV EatVerts commented on Sep 21

    … [Trackback]

    […] Info to that Topic: […]

  2. commented on Sep 24

    … [Trackback]

    […] Information on that Topic: […]

  3. commented on Sep 28

    … [Trackback]

    […] Find More on that Topic: […]

  4. td easy web login commented on Oct 23

    … [Trackback]

    […] Find More on to that Topic: […]

  5. dumps + pin shop commented on Nov 16

    … [Trackback]

    […] Here you will find 76882 more Info on that Topic: […]

  6. buy used Cars York commented on Dec 10

    … [Trackback]

    […] Find More here on that Topic: […]

  7. Software testing commented on Jan 11

    … [Trackback]

    […] Find More Information here to that Topic: […]

  8. repliki zegarków commented on Jan 22

    … [Trackback]

    […] Read More here to that Topic: […]