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Retailers - Notable Standout on New High List

Retailers a notable standout on the new high list today: Macy's , Ross Stores , TJX , Home Depot , Liz Claiborne , even Pier One !

A customer purchases the Amazon.com Inc. Kindle Fire tablet computer at a Best Buy Co. store in New York, U.S., on Tuesday, Nov. 15, 2011. Amazon.com Inc.
Scott Eells | Bloomberg via Getty Images
A customer purchases the Amazon.com Inc. Kindle Fire tablet computer at a Best Buy Co. store in New York, U.S., on Tuesday, Nov. 15, 2011. Amazon.com Inc.

Pier One has been on the greatest roller-coaster ride of all, going from an historic high of $26 in November 2003 to $0.10 (!) in March 2009, back to over $14 today.

Warm weather hurt sales in December. Sales were fair but not great, with lots of discounting.

Total sales up 3.6 percent for December, according to RetailMetrics, a bit above the estimate of 3.3 percent. Soft sales of cold weather merchandise impacted sales.

Citi noted that each week of December was warmer compared to the same week in the prior year, and estimates that warm weather knocked 1 to 1.5 percentage points off of December same store sales.

January will be the test of this hypothesis. Citi estimates same store sales should be up a strong 5 percent, largely due to the fact that the weather has turned colder. Well-managed inventories will also help.

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Symbol
Price
 
Change
%Change
HD
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M
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PIR
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ROST
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TJX
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KATE
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  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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