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Los Angeles Office
888 S. Figueroa St. Ste 1100
Los Angeles, CA 90017
(213) 430-4888
New York Office
450 7th Avenue, Ste 1006
New York, NY 10123
(212) 629-8688
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| Quote of the Month |
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People admire a person who places responsibility as top priority
When the archer misses the mark, he turns and looks for the fault within himself. Failure to hit the bull’s eye is never the fault of the target. To improve your aim - improve yourself.
- By Arland Gilbert (Author and Poet) -
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2013 APRIL SAME-STORE SALES: 12 RETAILERS POST 3.7% GROWTH
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Company
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Apr/13
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Mar/13 |
Feb/13
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Jan/13
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Cato Corp.
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1.0% |
-11.0% |
-3.0% |
-12.0% |
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Gap, Inc
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7.0% |
-1.0% |
3.0% |
8.0% |
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L Brands
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2.0% |
3.0% |
3.0% |
9.0% |
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Buckle
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6.2% |
0.0% |
-1.1% |
-2.0% |
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Ross
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7.0% |
2.0% |
-1.0% |
4.0% |
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TJX
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8.0% |
-2.0% |
1.0% |
3.0% |
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Stein Mart
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8.0% |
-2.8% |
0.6% |
4.6% |
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Zumiez
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4.6% |
2.1% |
-8.9% |
2.6% |
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Costco
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4.0% |
4.0% |
6.0% |
4.0% |
Retailers’ Jan/13 ~ Apr/13 Same-Store Growth Rate
Thomson Reuter reported that same-store sales for 12 national chain stores grew by 3.7% in April.
This is bigger growth than March’s same-store sales growth of 2.2% considering the cold weather that continued since March through April.
Both TJX and Stein Mart posted a huge growth of 8%. Both companies had sales drop in March.
Ross had continuous sales growth since March and posted 7% growth.
Gap and Buckle grew by 7% and 6.2% respectively recovering from their slump in March.
Many retailers may have more sales growth in May if the weather gets warm.
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Unemployment Rate
The non-farm payrolls in the US increased by 165,000, which was more than the projected estimate of 145,000.
The private sector added 176,000, while a loss of 11,000 government jobs shows the impact of continued government budget cuts.
The unemployment rate dropped to 7.5% in April, which is pre-2008 December level.
However, there is still long way to go in order to get back to the pre-financial crisis level of 4.5%.
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