ForecastIQ: In February, retailers brace for potential same store sales declines in spring
March 2, 2011,
Worthington, Ohio - As the 2010 holiday season gets farther away, the outlook for same-store sales growth continues to decline, according to the February ForecastIQ report.
December experienced a "spending high" that came down in the New Year.
In February 2011, 13 retailers said they are expecting an almost certain/likely increase, one expects flat results, and 13 anticipate an almost certain/likely decline. This compares to Feb. 2010's 12 retailers expecting almost certain/likely increases, zero expecting flat results, and 15 expecting an almost certain/likely decline.
An "almost certain increase" indicator for February means that in March and April, retailers are almost certain to experience same-store sales growth from the same period a year ago.
Nordstrom was among the high-end department stores likely to experience growth.
However, its department stores counterparts Dillard's, Bon-Ton and JCPenney are likely to see declines.
A partial list of retailers covered in the ForecastIQ and expectations for same-store sales year-over-year growth/decline through April puts Coscto, Ross and TJX among those almost certain to see an increase, and BJ's, Fred's and Nordstrom likely to see an increase.