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Same-Store Sales Climbing

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  • Description

    J Rogers Kniffen WWE CEO Jan Rogers Kniffen breaks down retail sales.

  • Duration 3:10
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This transcript is automatically generated

Oxygen we appreciate it.

Well consumer spending accounts for two thirds of the US economy one of the key indicators -- -- consumers are spending same store sales figures.

They came out today for be crucial month.

A December take a look at how some of his company's -- month over month Macy's up over 4%.

Gap up 5% nor strong up over eight and a half percent.

-- up over 3% TJX -- six.

Joining me now look at Jim Rogers in this CEO of.

Well maybe start and I actually a pretty decent number 4% they lower earnings this may edge three cents I think.

So I was actually relatively happy -- -- -- Macy's came out given what we knew was going on with retail sales in the back half.

-- clearly there were some real winners I mean costs go.

Best in class retailer in the world big number great numbers Nordstrom best in class at the upper -- great number we saw.

Yeah good numbers laden but I got to stop you there Uighur December 17 and you were -- Nordstrom is your pump -- -- dot.

You -- not a -- today's cancer cells up more than eight and a half percent they really they really delivered for areas so you know kudos for the pack.

Why -- better than I thought they would be I'll give you credit for that I picked out my really thought they'd be north of 5% they were well above that.

They get a much better job than I thought could be done given what was going on with the consumer so EI otherwise I might picks I think they're best in class retailer I think they own.

The space where they are.

But they still turned in a number that was better than anybody thought they could turn -- so.

Really delighted -- that.

The other guys that really looks good weather off price -- TJX and Ross turned in really good numbers.

6% HI thought they would be 4% plus 6% -- -- strong.

So you know -- wasn't terrible Christmas this was a very.

Divided Christmas they're -- winners and there were the losers.

And you're worried about -- and I do wanna say calls coming in flat month over month so calls it really is struggling and you mentioned that there were struggling you also were concerned about pennies.

Again these are struggling but I remember this.

You we had this big talk about Wal-Mart vs target and at the time you said I prefer Wal-Mart to target what do you say today.

I still prefer Wal-Mart to target my my comment was Wal-Mart won the game for Christmas target lost.

They're -- -- thing they did with Neiman Marcus didn't really work very well they had a lot of markdowns in the stores it didn't drive the traffic that they really wanted to have in the stores.

They really at a pretty tough Christmas I think Wal-Mart had a good Christmas.

I think wal mart's warning the -- on price and I think that -- -- advertising they're doing market by market.

Is really driving their business so I think they're hurting the dollar stores I think they're hurting target.

Isn't it both of those socks and about 15% over the last year but still you're saying target.

-- by the way I was so excited to go in Arizona super target know what it left after an hour -- -- stand.

Champagne -- cat toys.

Hey -- free and an hour at at what target that's what I bought maybe I don't know what that means anyway Jen Rogers and it's been Dan congrats on the Nordstrom's -- we'll season.

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