iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,688 Blog Posts

The Consumer is UnDead

Much to the chagrin of doomsday bearshitters, the U.S. consumer is still finding ways to spend. Perhaps they are selling their 28 inch rims or blinged out gold teeth, in order to finance new bullshit tv’s from COST or jogging suits from M.

The recent numbers out of the retailers are more than encouraging. It’s “non-recessionary,” while definitely “unfun” for those who sell stocks.

Here is a short list of today’s retail movers:

AnnTaylor reports November same store sales +3.9% vs +1.8% Briefing.com consensus (31.66

Aeropostale reports November same store sales +6.6% vs +4.5% Briefing.com consensus (24.60 )

BJ’s Wholesale Nov same store sales +7.7% vs +4.4% Briefing.com consensus

Macy’s reports Nov same store sales +13.4% v +7.5% Briefing.com consensus

Sharper Image reports Nov comparable sales of -8.0% vs -10.8% Briefing.com consensus

Gap Inc Nov same store sales FLAT vs -4.6% Briefing.com consensus

Kohl’s Nov same store sales +10.2% vs +5.6% Briefing.com consensus

Ross Stores reports Nov comparable sales +3.0% vs +2.8% Briefing.com consensus

Saks Nov same store sales +25.7% vs +12.5% Briefing.com consensus

Target reports November same store sales +10.8% vs +10.8% Briefing.com consensus

Abercrombie Nov same store sales increase 2%, Briefing.com consensus +1.3%

Dillard’s reports November same store sales +1% vs -0.7% Briefing.com consensus

Wal-Mart Nov same store sales +1.5% vs +1.2% Briefing.com consensus

Gottschalks reports Nov same store sales +0.4% vs -1.5% Briefing.com consenus

Nordstrom reports November same store sales +8.7% vs +3.9% Briefing.com consensus

Costco reports Nov. same store sales +9.0% vs +6.7% Briefing.com consensus

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13 comments

  1. The Fly

    Note the “spam-like” links.

    Very uncool.

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  2. jlgrandam

    My stock trading robot has already made the appropriate moves given these data. Banking of coin is commencing.

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  3. ME

    spam-like is definitely no good.

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  4. BOOMER

    TGT getting the homo hammer, warns on December SSS

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  5. TraderCaddy

    What any Company, including retailers comps, earns is not as important as future expectations. Its the old driving in the “rear view mirror thing.”

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  6. WildWestie

    You owe your fave short, LAZ:

    Lazard Initiates Coverage on Hansen Natural (HANS) with a Buy
    12-06-2007 08:53:24 AM

    Lazard initiates coverage on Hansen Natural (Nasdaq: HANS) with a Buy.

    Hansen Natural Corporation (Hansen or HBC) is a holding company and carry on no operating business except through direct wholly owned subsidiaries, Hansen Beverage Company (HBC). HBC has two segments, Direct Store Delivery and Warehouse.

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  7. JakeGint

    The consumer does not yet realize he is dead.

    Shop on, crazy diamond.

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  8. Bison Burger

    RIMM’s gettin’ rimmed again.

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  9. The Fly

    TGT already cheap.

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  10. BOOMER

    BOT 1000 TGT 56.52

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  11. JakeGint

    Checkout GES… that was a short “lift.”

    Wish I’d waited to fade it yesterday, but it’s already back under my short level….

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  12. Golden Bear

    Love the “spam-like” links. It’s fun to see which fucked up word in a paragraph will get linked. Oatmeal? Who in the fuck is searching for oatmeal on the web? That one really craked me up.

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  13. mrkcbill

    Can’t wait to see Fly fuck with blue links. Kind of like his famous Wing Ding Font post at the old site. Maybe see how many he can get in one post.

    Personally I can’t stand them- Forbes has been doing that for years now. If its a moneymaker than its a non issue.

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