Monday, February 18, 2013

Retailers report weak sales gains for November | Redux

Retailers report weak sales gains for November

Mass Manilow Mall Maneuvers
Mass Manilow Mall Maneuvers by Mike Licht, NotionsCapital.com
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Excerpt:

Major retailers such as Kohl's, Target and Macy's on Thursday reported weak sales in November as a strong start the holiday shopping season over the Thanksgiving weekend wasn't enough to fully offset a slow start to the month caused by Superstorm Sandy. The storm stunted enthusiasm among shoppers early in the month just as stores were preparing for the busiest shopping period of the year, a roughly two-month stretch in November through December when they can make up to 40 percent of their annual revenue during the last two months of the year. "It really took away the punchbowl for retailers and put them behind the eight ball heading into the crucial weekend," said Ken Perkins, president of RetailMetrics, a research firm Eighteen retailers reported that November sales at stores open at least a year -- an indicator of a retailer's health -- through last Saturday were up 1.

People:

Superstorm Sandy

Overall Sentiment: -0.289193

Relevance: 0.516471

Macy

Overall Sentiment: -0.338026

Relevance: 0.248879

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Terry J. Lundgren

Overall Sentiment: -0.0665422

Relevance: 0.229681

SentimentQuote
-0.124768"Despite the largest-volume Thanksgiving weekend in our company's history, we were not able to overcome the weak start to the month, which included the disruption of Hurricane Sandy," said Terry J. Lundgren, ...
0.0198953"Despite the largest-volume Thanksgiving weekend in our company's history, we were not able to overcome the weak start to the month, which included the disruption of Hurricane Sandy," said Terry J. Lundgren, Macy's chief executive. "Yet we remain on track to deliver a very strong sales performance in the fourth quarter, consistent with our guidance."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: -0.1048727
  • Mean: -0.05243635
  • Standard Deviation: 0

Ken Perkins

Overall Sentiment: 0

Relevance: 0.227983

SentimentQuote
0"It really took away the punchbowl for retailers and put them behind the eight ball heading into the crucial weekend," said Ken Perkins, ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: 0
  • Mean: 0
  • Standard Deviation: 1.4142135623731

Saks

Overall Sentiment: -0.251623

Relevance: 0.176209

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Holiday: Thanksgiving

Overall Sentiment: 0.0809267

Relevance: 0.45407

FieldTerminology: retail sales

Overall Sentiment: -0.186169

Relevance: 0.487384

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