| Contact us |
Finance One, Inc.
888 S. Figueroa St. Suite1100,
Los Angeles CA, 90017
(213) 430-4888
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| Quote of the Month |
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I compete within me of yesterday…
I compete within me. When I rise each day, I am determined to live a life that
is more passionate and meaningful than what was lived yesterday. When I enter
my studio each day, I am determined to rise myself to a level more advanced
than yesterday. Living a life as an over-comer of yesterday is my life motto.
- By Suejin Kang (Principal dancer of Stuttgart ballet) -
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2013 FEBRUARY SAME-STORE SALES: MODERATE TO WEAK GROWTH
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Company
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Feb/13
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Jan/13
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Dec/12
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Nov/12 |
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Wet Seal
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N/A |
-13.4% |
-9.4% |
-5.1% |
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Cato Corp.
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-3.0% |
-12.0% |
-7.0% |
-2.0% |
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Gap, Inc
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3.0% |
8.0% |
5.0% |
3.0% |
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Limited
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3.0% |
9.0% |
3.0% |
5.0% |
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Arden B
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N/A |
22.8% |
-11.5% |
-6.9% |
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Buckle
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-1.1% |
-2.0% |
1.0% |
-0.1% |
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Kohl’s
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N/A |
13.3% |
3.4% |
-5.6% |
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Macy's
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N/A |
11.7% |
4.1% |
-0.7% |
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Nordstrom
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N/A |
11.4% |
8.6% |
-1.1% |
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Target
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N/A |
3.1% |
0.0% |
-1.0% |
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Ross
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-1.0% |
4.0% |
6.0% |
2.0% |
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TJX
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1.0% |
3.0% |
6.0% |
7.0% |
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Stein Mart
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0.6% |
4.6% |
5.9% |
7.1% |
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Zumiez
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-8.9% |
2.6% |
-1.0% |
-4.2% |
Retailers’ Nov/12 ~ Feb/13
Same-Store Growth Rate
National retail chains reported moderate to weak same-stores sales in February
2013. Gap, Limited Brands and TJX each reported 3% increase in February,
which accounts for less than half of what was reported in January 2013. As in
January, Cato Corp and Buckle reported minus sales of 3% and 1.1%,
respectively. Ross and Zumiez also reported -1.0% and -8.9%, respectively,
shifting to negative sale mode in February. February’s weak sales may have
been caused by the rising gas price, delaying of the income tax refunds and the
severe stormy weather of east coast. Wet Seal, Arden B, Kohl’s, Macy’s,
Nordstrom and Target refrained themselves from reporting February Same-Store
sale performance.
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Unemployment Rate 7.7%
from 7.9%
The non-farm payrolls added 236,000 new jobs in the month of February, which is
43% more than expected. Among these, the construction sector added the most
employment, adding 48,000 jobs altogether. The construction sector layoffs
were significant in number totaling 2.2 million, beginning from the downturn of
the economy. The government sector lost over 10,000 jobs in February as it is
struggling from the effects of the Budget Cut. The unemployment rate improved
in February, showing 7.7% from 7.9% in January.
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