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The three biggest U.S. retail surprises

Thursday, August 30, 2012 - 02:12

Aug 30 - Thomson Reuters' Jharonne Martis on the three biggest standouts from the better-than-expected retail sales numbers. Also find out what the next quarter holds for the major chain stores.

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The back to school -- apparently much bigger than expected with nearly all US stores smashing -- that's that's what we're the three biggest surprises. When he hears constant Reuters analyst euros more -- around your first pick is Nordstrom. Nordstrom they came. On top posting peace strongest things that they outnumber. And this is thanks to their anniversary sale which shows that even high end consumer is looking for a value when -- go out shopping. Also Madonna has introduced a brand new issue line coaches there. That is being sold exclusively at Nordstrom and Macy's and helping -- -- Madonna would have associated that name Nordstrom. Then you're number two pick -- -- is comebacks. GAAP finally got their group back they've done very Smart alliances with designers like they have -- first the -- a baby gap. And then introduced a whole mad -- 1950s black. Had a banana republic which with a big head and that they added pop off color at old -- Which also was well done right on time for back to school fees while -- no longer just between staples and no you aren't. What the third. Is and stands as price sort of off the area. Teen retailer it debacle they'll talk with a very strong performers last year and this year they're facing very difficult comparisons. However in August the retailer had a comeback at teenagers went and shopped there and as a result the retailer posted its first positive things for -- -- some time now. They dried out this year back to school sales saint king sort early this specials that. What this thing going for in terms of retail gaining extra. Well despite the fact that we had such strong numbers retailers are already warning that we shouldn't expect much from them in September and October. Ross for example which has been a strong performer is expecting single digit growth for that next coming months. Also this one side sweat weak consumer confidence data which shows. That the consumer isn't very worried about the state of the economy. And also there's a lot of uncertainty out there especially because it's an election there a lot of good news came thanks larger room. I think that Johnson Reuters analyst Jerome artist I'm -- cut Palin this is --

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The three biggest U.S. retail surprises

Thursday, August 30, 2012 - 02:12