Same store sales, the key statistic for department stores were mixed for the second quarter. Same store sales are based on the change in sales in the same stores open at least one year. This shows the company exactly how each store is doing and can be combined to show if the company is growing at existing locations. For the second quarter we have the following results that show same store sales changes and stock price:
Dillard's: -1% worse than analysts expectations
Macy's: -2.7% worse than analysts expectations
Nordstrom: +2% greater than analysts expectations
Saks: -5.6% worse than analysts expectations
Hopefully the third quarter will bring better results to the stores and it is possible with back to school coming up, but if there is a major hurricane it may cause another drop like after Katrina.
Information from Yahoo Finance
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