Retail Stocks In The News

Retail stocks made their presence known in Thursday’s session - not because their same-store sales results soared, but simply because that didn’t drop as much as expected.

You’ve already heard about Wal-Mart (WMT), J.C. Penney (JCP) and The Gap (GPS). So here are a few other retailers that made news today.

Shares of Limited Brands Inc. (LTD) advanced by about 6.9% today after the retailer announced that January same-store sales declined 9%, which was better than analyst expectations. The company, which operates the Victoria’s Secret chain, is a Zacks #4 Rank company.

Abercrombie & Fitch Co. (ANF) reported that same-store slaes declined 20% in January, but that’s good news considering the large amount of frugal customers out there. The result was better than analysts were expecting, so shares of this retailer advanced more than 10% on Thursday. ANF is a Zacks #4 Rank company.

Brown Shoe Co. (BWS) announced that its fourth-quarter sales reached $521 million, which was a bit below expectations. Same-store sales were down 3.6%. The company also plans to cut its domestic work force by about 12% to 14%. Nevertheless, shares of this Zacks #2 Rank company advanced about 2.6% on a good day for retail.

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