Benzinga.com
0
All posts from Benzinga.com
Benzinga.com in Benzinga.com,

August Retail Sales: The Early-Month Tax Holiday, Labor Day Shift And Three Brands To Look At

You know what costs less than a gallon of gas this holiday weekend? Starting your subscription to Benzinga Pro’s news feed and data platform.

LB, Gap, Inc. The NYSE:GPS - August Retail Sales: The Early-Month Tax Holiday, Labor Day Shift And Three Brands To Look At

In a report issued Friday, Wedbush analysts Morry Brown and Taryn Kuida shared a recap of August retail sales, which came in mixed, but largely in line with expectations. “Labor Day shift more than offsets [the] early month tax holiday benefit,” the report stated. Same store sales also came in relatively in line with projections.

The experts highlighted L Brands Inc LB 1.23%’s “impressive comp performance” as the main driver of the month’s same-store sales.

Meanwhile, Gap Inc GPS 1.82%’s comp miss was attributed to the move of Labor Day weekend from August to September.

Below is a closer look at some...


More