Holiday Sales - Department Stores Largely Winners

              Holiday Sales - Department Stores Largely Winners

  PR Newswire

  LONDON, January 16, 2013

LONDON, January 16, 2013 /PRNewswire/ --

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Many of the major players in the department stores industry posted improved
year-over-year December sales figures, as an improving economy and lower
unemployment levels helped to offset "fiscal cliff" fears. Discounts late in
the month for Kohl's Corporation ^[ ^(1) ^] (NYSE:KSS) were a concern however.

According to the National Retail Federation, December retail sales excluding
restaurants, gas stations and automobiles improved by 2.1% when compared to
the same period last year. Several stores also reported improved
year-over-year same store sales, which bodes well for the industry moving
forward. Lower prices at the pump and an improved housing market could also
fuel growth in 2013.

December sales improved for many retailers including The TJX Companies Inc. ^[
^(2) ^] (NYSE: TJX). TJX Companies' sales for the month of December came in
10% higher to $3.6 billion as compared to last year's sales figure of $3.3
billion. The off-price retailer saw its comparable sales grow by 6% over a
year ago on the back of superior customer traffic which in turn was possible
as the company exposed a wider and better choice of branded products in its
stores at value prices.

In the case of Kohl's sales fell short of estimates. Whilst the company's
same-store sales were still 3.4% higher than a year back. Kohl's did not meet
the company's sales projections, and the disappointing part was a large number
of its sales were completed near the end of the holiday cycle, only when the
retailer provided discounts on merchandise, thus narrowing its margin.

Nevertheless, 2013 could be a year of growth for department stores, and those
that can streamline operations could come out on top. See how these companies
have performed over the past years and their projections are for 2013.
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1.Kohl's Corporation Technical Analysis [ ] 
2.The TJX Companies Inc. Technical Analysis [ ]

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