Gap, Saks March Sales Top Estimates as U.S. Economy Improves

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Gap, Saks March Sales Top Estimates as U.S. Economy Imp... - 4/10/2010 9:01:59 PM

Brain

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Nooooooooooo! First health care reform passes and now this?! This is Armageddon and the end of the world as we know it all over again! :-(

Gap, Saks March Sales Top Estimates as U.S. Economy Improves

Gap Inc., Saks Inc. and TJX Cos. posted March sales gains that exceeded analysts’ estimates as warm weather and improving job prospects encouraged shoppers to make purchases they put off during the recession.

Sales at stores open at least a year climbed 11 percent at clothing retailer Gap, beating the 3.7 percent average of analysts’ estimates compiled by Retail Metrics Inc. Comparable- store sales at Saks, the luxury department-store chain, rose 12.7 percent, more than the average projection of 7.5 percent. TJX, which runs the T.J. Maxx discount chain, gained 12 percent, eclipsing the 6.3 percent average estimate.

Retail Metrics, based in Swampscott, Massachusetts, estimated a total increase of 6.1 percent in U.S. comparable- store sales in March, which would mark the seventh straight monthly gain and the biggest advance since November 2007.

http://www.businessweek.com/news/2010-04-08/gap-saks-march-sales-top-estimates-as-u-s-economy-improves.html

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RE: Gap, Saks March Sales Top Estimates as U.S. Economy... - 4/11/2010 3:33:11 AM

pahunkboy

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Joined: 2/26/2006
From: Central Pennsylvania
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TJMax tho is an outlet store.

2nds type of clothes.

(in reply to Brain)

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RE: Gap, Saks March Sales Top Estimates as U.S. Economy... - 4/11/2010 5:40:35 AM

MrRodgers

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quote:

ORIGINAL: pahunkboy

TJMax tho is an outlet store.

2nds type of clothes.

Whatever...outlet, shmoutlet...all retail sales were up a month to month record. Certainly couldn't be as a result of any democratic party policies...right ?

(in reply to pahunkboy)

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RE: Gap, Saks March Sales Top Estimates as U.S. Economy... - 4/11/2010 5:44:25 AM

Loki45

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Let's not forget how the new Camaro -- from (as the sad....SAD critics would call it) GM -- "government motors," VASTLY out-sold the Mustang for 2010.

I guess some people are fully aware that Obama is not anywhere NEAR GM's board room....no matter how the repubs want to claim he is.

_____________________________

"'Till the roof comes off, 'till the lights go out
'Till my legs give out, can't shut my mouth."

(in reply to MrRodgers)

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RE: Gap, Saks March Sales Top Estimates as U.S. Economy... - 4/11/2010 5:46:00 AM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: pahunkboy

TJMax tho is an outlet store.

2nds type of clothes.

Whatever...outlet, shmoutlet...all retail sales were up a month to month record. Certainly couldn't be as a result of any democratic party policies...right ?

The latest possible date to stop the collapse was 2005. So- its a two headed eagle.

(in reply to MrRodgers)

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Post #: 5

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