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.
Related Content By Author
The Countdown to the ICON Honors
Home & Textiles Today eDaily