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Trading at Noon: Big jump in same-store sales

Thursday, April 05, 2012 - 03:14

April 5 - Thomson Reuters data shows a 4.3 percent gain in same-store sales for March. Retail Analyst Jharonne Martis talks about the winners and losers.

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There retail scorecard from march's end customers' data reporting retailer saw a big jump in same store sales. Four point 3% compared to a gain of one point 8% a year ago. Thomson Reuters retail analyst Ron -- joins us with more parents around who are the winners and losers I know witness nice weather I think I've been -- more. Everybody has -- is on top. But TJ Maxx -- and target also -- there. Final seems to -- sell less demand and increased earnings guidance Erickson who didn't do as well where did and I frequent wet seal is the biggest loser it has been for some time now by the drug retailers Walgreens and Friday. Have been suffering because of -- -- Flu season and also the introduction of more generic. And we've seen and -- right so I'm sort of start -- take all of this what do you think. It's been a zoom -- is the most likely to pose a positive surprise and beat earnings estimates. Whereas. Rite Aid is expected to miss I didn't have to talk about the capital for -- beating up on the -- seems like the last couple of years now everybody I know wants to get their hands on the Diane von Furstenberg kids' clothes. How did they do very well mother's love the collection and and at the -- to college they received a boost because of color jeans just in time for east there and the mad men collection is very popular at banana republic. So interesting character artist thank you so much -- an effect on. Our President Obama expected to sign the so called jobs act later today it's really -- jumpstart our business startups bill designed to make it easier for small businesses. To raise money by spending at new rules for crowd fund raising. And BI PO on ramp. Much of the talk around though which raced through congress this winter centered on tax start -- but the biggest impact could be felt let's start -- in construction. And retail. While the jobs act enjoyed bipartisan support regulators and others have raised red flags and concerns for potential fraud and investor fall out. Well you know with top of jobs initial jobless claims up this morning showed continuing improvement in the US labor market. But it data Dylan little that this stocks today index. Pretty much unchanged that the NASDAQ up a little four tenths of percent. -- Spanish I'm healed -- investors' fears over the eurozone. Telecom stocks right now are pushing the S&P 500 lower -- telecoms up more than one and a half percent. If he's -- mayor is there. US crude futures are up slightly after big ball on Wednesday gold also rebounding today -- hit near three month low yesterday lowering some buyers back. That's the treasury prices they're moving up on those heroes I'm wary it. Now for some facts to watch let's go to writer's market correspondent Ryan without. Shares of Bed, Bath & Beyond -- higher today a day after reported fourth quarter earnings that topped expectations. Leading many analysts to raise their price targets on the retailer. On the downside Constellation Brands the maker of wind is falling after its outlook for the year. Fell well below consensus although it also reported adjusted earnings that beat expectations. We're -- says keeping an eye patches of holly come right now. Fat is off more than 17%. Slowing business in North America hurting profit expectations and video conferencing company which lowered its first quarter revenue outlook. A copper trading down I'm Jen Rogers and his writers.

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Trading at Noon: Big jump in same-store sales

Thursday, April 05, 2012 - 03:14