Q3 Retail Sales Comp Recap: Off Price ON FIRE

Q3 retail earnings are now complete. Highlights include:

  • Off price is aggressively stealing share, Ross up 7.0%, TJ Maxx up 5.0%, Nordstrom Rack up 3.9%
  • Nordstrom is the only full line department store to post a positive year over year comp.
  • JC Penney's rebound looks troubled as the Plano based retailer posted a negative comp.
  • Off-Price has been mixed with Dollar Tree up 1.7% and Dollar General down 0.1%.

Q2 Retail Earnings Recap can be found here