Thursday, August 31, 2006

fallout / pier 1+ ethan allen+j.c. penney

der slowdown im immobiliensektor schlägt nicht überraschend voll auf die immobiliennahen bereiche durch. in diesem fall auf 2 einrichtungshäuser. die eigentliche news hier ist aber das der august wohl noch schwächer wie der juli war. das gleiche muster hat sich im vergleich juni auf juli wiedergespiegelt. der trend hat sich alo verstetigt und verstärkt.

Pier 1 Imports August same-store sales drop 9.1%

Pier 1 Imports, Inc. reported a 9.1% decline in August same-store sales, saying traffic trends remained below last year. But it added consumer traffic and sales improved during the last two weeks of August, which it attributed to marketing initiatives including new TV commercials. Analysts polled by Thomson First Call, on average, forecasted an 8.1% decline in same-store sales

ethan allen
"As indicated in our July 27th earnings press release, sales did start slowing in July and have slowed further in August. This quarter we are being impacted by both lower consumer confidence and our initiative, started last July, to reduce the lead time in filling customer orders. As we previously indicated, the faster backlog turnover reduces the forward visibility of delivered sales, and we are subject to more volatility as demand levels fluctuate.

J.C. Penney Co., Inc. said Thursday that sales at stores open for at least a year declined 0.5% in August, hampered by weaker furniture sales

J.C. Penney pointed out that sales of furniture were very strong in August 2005, creating a sales comparison that was difficult to overcome in the current year (bubbletop)

leider wird der rückgang in der erklärung nicht in prozenten ausgerückt. dürfte sich aber in ähnlichen größenordnungen wie oben bewegen.



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