Dallas 9/2/2010 10:32:48 PM
News / Business

Top Retail Stock Notable Gainers (Macy's, SKS, JCP, KSS)

Retail Stock

Macy's, Inc. (NYSE:M) jumped 0.84% to $20.36 after its August same-store sales climbed 4.3%, ahead of estimated 4% in a survey of analysts by Thomson Reuters.

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Total sales also surged 6.2% to $1.64 billion. "Our back-to-school business through August has been strong," the company said.

Macy’s, Inc. (Macy’s) is a retail organization operating retail stores and Internet Websites under two brands (Macy’s and Bloomingdale’s) that sell a range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states.

 

Saks Incorporated (NYSE:SKS) surged over 2% to $7.57 after its August same-store sales surged 1%, versus the Wall Street target of 4.3% in a survey of analysts by Thomson Reuters.

Total sales for the month slid to $159.3 million, from $160.7 million. The New York retailer continues to expect comparable store sales growth in the mid-single digit range for the second half of the fiscal year.

Saks Incorporated is a fashion retail organization offering a range of distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. The Company’s operations consist of Saks Fifth Avenue (SFA), Saks Fifth Avenue OFF 5TH (OFF 5th) and SFA’s e-commerce operations.

 

J.C. Penney Company, Inc. (NYSE:JCP) surged 3% to $21.36 after the company said that its August sales at stores open at least one year surged 2.3%. Analysts, on average, had expected same-store sales to rise 1.6%, according to Thomson Reuters.

Total sales for the four weeks ended August 28 grew 0.8% to $1.44 billion.

J. C. Penney Company, Inc. (JCPenney) is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company is a retailer, operating 1,108 JCPenney department stores in 49 states and Puerto Rico as of January 30, 2010.

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Kohl's Corporation (NYSE:KSS) rose 1.14% to $48.95 after its August same-store sales climbed 4.5%, ahead of the forecast of 2.6% in a survey of analysts by Thomson Reuters.

Kohl's said its total sales rose 7.7% to $1.42 billion.

Kohl’s Corporation (Kohl’s) operates family-oriented department stores that sell apparel, footwear and accessories for women, men and children, soft home products, such as sheets and pillows, and housewares.

 

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