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Ken Perkins, Retail Metrics

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Retail Sales in U.S. Unexpectedly Rose in February (Update2) (BusinessWeek.com - Investing) - Mar 12, 2010

Chain stores turned in a better than forecast performance last month, compared with a low point last year, industry figures showed last week. Macy's Inc., Abercrombie & Fitch Co and Gap Inc beat analysts' estimates in February as holiday sales tempted consumers to go shopping in a month of record snowfalls. February comparable store sales climbed 4.1 percent, topping the Retail Metrics 3 percent estimate. It was the sixth straight monthly gain and the biggest in 27 months. Purchases fell 4.1 percent in , Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said last week. 
Recent Research on Abercrombie & Fitch Company (ANF)
Pre-Recorded December Abercrombie & Fitch Co. Sales Call (Thomson Street Events)- Jan 07, 2010
Pre-Recorded November Abercrombie & Fitch Co. Sales Call (Thomson Street Events)- Dec 03, 2009
Q3 2009 Abercrombie & Fitch Co. Earnings Conference Call (Thomson Street Events)- Nov 13, 2009
more research
Share:  Purchases fell 4.1 percent in , <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said last week. Tweet this 

Chain stores turned in a better than forecast performance last month, compared with a low point last year, industry figures showed last week. Macy's Inc., Abercrombie & Fitch Co and Gap Inc beat analysts' estimates in February as holiday sales tempted consumers to go shopping in a month of record snowfalls. February comparable store sales climbed 4.1 percent, topping the Retail Metrics 3 percent estimate. It was the sixth straight monthly gain and the biggest in 27 months. Purchases fell 4.1 percent in , Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said last week. 
Recent Research on Macy's, Inc. (M)
Macy's, Inc. (Moody's Global Credit Research)- Dec 03, 2009
Q3 2009 Macy's, Inc. Earnings Conference Call (Thomson Street Events)- Nov 11, 2009
more research
Share:  Purchases fell 4.1 percent in , <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said last week. Tweet this 

Chain stores turned in a better than forecast performance last month, compared with a low point last year, industry figures showed last week. Macy's Inc., Abercrombie & Fitch Co and Gap Inc beat analysts' estimates in February as holiday sales tempted consumers to go shopping in a month of record snowfalls. February comparable store sales climbed 4.1 percent, topping the Retail Metrics 3 percent estimate. It was the sixth straight monthly gain and the biggest in 27 months. Purchases fell 4.1 percent in , Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said last week. 
Recent Research on Gap Inc. (GPS)
Gap Inc. Sales December Sales Pre-Recorded Call (Thomson Street Events)- Jan 07, 2010
Gap Inc. Sales November Sales Pre-Recorded Call (Thomson Street Events)- Dec 03, 2009
Gap Inc. (The) (S&P Credit Research)- Nov 23, 2009
more research
Share:  Purchases fell 4.1 percent in , <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said last week. Tweet this 

Retail Sales in U.S. Unexpectedly Increased in February (BusinessWeek.com - Investing) - Mar 12, 2010

Purchases fell 4.1 percent in , Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said last week. TJX Corporation Inc., an off price apparel chain, reported a 16 percent sales increase in the four weeks ended Feb. 27 from a year earlier. "We achieved these sales despite the harsh snowstorms that affected many regions in the country," said Sherry Lang, vice president for investors, in a teleconference on . "The month ended on a stronger note than we had anticipated.". Figures last week that showed the economy lost fewer jobs than anticipated last month signal employment is on the verge of accelerating, a development that would spur spending in coming months. 
Recent Research on The TJX Companies, Inc. (TJX)
TJX Cos. Inc. (S&P Credit Research)- Oct 13, 2009
Summary: TJX Cos. Inc. (S&P Credit Research)- Oct 13, 2009
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Share:  Purchases fell 4.1 percent in , <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said last week. <span class="company">TJX</span> Corporation Inc., an off price apparel chain, reported a 16 percent sales increase in the four weeks ended Feb. 27 from a year earlier. Tweet this 

Consumer Credit in US Increases for First Time in a Year (Bloomberg) - Mar 05, 2010

It was the sixth straight gain and the biggest in 27 months. Abercrombie & Fitch Co said yesterday that sales rose 5 percent, while Macy's Inc., the second biggest U. S department store company, reported a 3.7 percent gain."The consumer is starting to come out of hibernation and feel better about their situation," Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. 
Share:  consumer is starting to come out of hibernation and feel better about their situation," <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. Tweet this 

It was the sixth straight gain and the biggest in 27 months. Abercrombie & Fitch Co said yesterday that sales rose 5 percent, while Macy's Inc., the second biggest U. S department store company, reported a 3.7 percent gain."The consumer is starting to come out of hibernation and feel better about their situation," Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. 
Share:  consumer is starting to come out of hibernation and feel better about their situation," <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. Tweet this 

Consumer Credit in U.S. Increases for First Time in a Year (BusinessWeek.com - Investing) - Mar 05, 2010

It was the sixth straight gain and the biggest in 27 months. Abercrombie & Fitch Co said yesterday that sales rose 5 percent, while Macy's Inc., the second biggest U. S department store company, reported a 3.7 percent gain. "The consumer is starting to come out of hibernation and feel better about their situation," Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. 
Share:  "The consumer is starting to come out of hibernation and feel better about their situation," <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. Tweet this 

It was the sixth straight gain and the biggest in 27 months. Abercrombie & Fitch Co said yesterday that sales rose 5 percent, while Macy's Inc., the second biggest U. S department store company, reported a 3.7 percent gain. "The consumer is starting to come out of hibernation and feel better about their situation," Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. 
Share:  "The consumer is starting to come out of hibernation and feel better about their situation," <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics, said yesterday in an interview. Tweet this 

Retailers report strong February (STLtoday.com Top Business Headlines) - Mar 05, 2010

Of individual retailers, more than three fourths outperformed expectations, including Nordstrom Inc and Abercrombie & Fitch Co. "Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said Ken Perkins, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending." . 
Share:  Of individual retailers, more than three fourths outperformed expectations, including Nordstrom Inc and <span class="company">Abercrombie</span> & Fitch Co. "Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said <span class="analyst">Ken Perkins</span>, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending." . Tweet this 

Retailers’ February hot despite snow, job data (Arkansas Democrat-Gazette stories: Business) - Mar 05, 2010

The nation's retailers turned in a strong performance in February, at least compared with a year ago, despite a string of snowstorms that disrupted shopping and a persistent high unemployment rate. Nearly all retailers, including Little Rock based Dillard's Inc., improved sales, and many beat retail analysts' forecasts. The International Council of Shopping Centers, a trade group, reported an overall 3.7 percent gain in February sales in stores open at least a year for the 31 retailchains it tracks. "This was strong enough to open your eyes a little bit. Things are setting up nicely for March," said Ken Perkins, who runs the research firm Retail Metrics Inc in Swampscott, Mass. 
Recent Research on Dillard's, Inc. (DDS)
Dillard's Ratings Placed On CreditWatch Positive (S&P Credit Research)- Dec 21, 2009
Summary: Dillard's Inc. (S&P Credit Research)- Sep 17, 2009
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Share:  Things are setting up nicely for March," said <span class="analyst">Ken Perkins</span>, who runs the research firm Retail Metrics Inc in Swampscott, Mass. Tweet this 

Retail sales show strongest gain since before the recession (The Morning Call - Business) - Mar 05, 2010

Of individual retailers, more than three fourths outperformed expectations, including Ross Stores Inc., Nordstrom Inc and Abercrombie & Fitch Co. "Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said Ken Perkins, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". 
Recent Research on Ross Stores, Inc. (ROST)
Ross Stores, Inc. December Sales Pre-Recorded Call (Thomson Street Events)- Jan 07, 2010
Ross Stores, Inc. November Sales Pre-Recorded Call (Thomson Street Events)- Dec 03, 2009
Q3 2009 Ross Stores, Inc. Earnings Conference Call (Thomson Street Events)- Nov 19, 2009
more research
Share:  Of individual retailers, more than three fourths outperformed expectations, including <span class="company">Ross</span> Stores Inc., Nordstrom Inc and Abercrombie & Fitch Co. "Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said <span class="analyst">Ken Perkins</span>, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". Tweet this 

Of individual retailers, more than three fourths outperformed expectations, including Ross Stores Inc., Nordstrom Inc and Abercrombie & Fitch Co. "Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said Ken Perkins, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". 
Share:  Of individual retailers, more than three fourths outperformed expectations, including Ross Stores Inc., Nordstrom Inc and <span class="company">Abercrombie</span> & Fitch Co. "Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said <span class="analyst">Ken Perkins</span>, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". Tweet this 

Retailers see best month in 2 years (tennessean.com - Business) - Mar 04, 2010

With the exception of drugstores, every sector — including discounters, department stores and apparel sellers — did better than forecasts. Among individual retailers, more than three fourths outperformed expectations, including Ross Stores Inc., Nordstrom and Abercrombie & Fitch."Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said Ken Perkins, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". Still, many industry watchers caution that economic problems persist and could hamper consumer spending. Fresh U. S unemployment data is due out today, for instance."Although some numbers are certainly very good, they're inflated or helped along by very weak sales a year ago," said Kamalesh Rao, director of economic research at SpendingPulse, an information service of MasterCard Advisors, which also tracks retail spending. 
Share:  Among individual retailers, more than three fourths outperformed expectations, including <span class="company">Ross</span> Stores Inc., Nordstrom and Abercrombie & Fitch."Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said <span class="analyst">Ken Perkins</span>, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". Tweet this 

With the exception of drugstores, every sector — including discounters, department stores and apparel sellers — did better than forecasts. Among individual retailers, more than three fourths outperformed expectations, including Ross Stores Inc., Nordstrom and Abercrombie & Fitch."Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said Ken Perkins, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". Still, many industry watchers caution that economic problems persist and could hamper consumer spending. Fresh U. S unemployment data is due out today, for instance."Although some numbers are certainly very good, they're inflated or helped along by very weak sales a year ago," said Kamalesh Rao, director of economic research at SpendingPulse, an information service of MasterCard Advisors, which also tracks retail spending. 
Share:  Among individual retailers, more than three fourths outperformed expectations, including Ross Stores Inc., Nordstrom and <span class="company">Abercrombie</span> & Fitch."Given the snowstorms and barrage of negative economic data last week, it was a bit of a surprise how strong the sales were this month," said <span class="analyst">Ken Perkins</span>, president of research company Retail Metrics Inc. "I think the retailers have to be pleasantly surprised and are hopeful that this is the tip of an increasing wave of consumer spending.". Tweet this 

Retail Sales in US Jump Most in 2 Years in February (Bloomberg) - Mar 04, 2010

So called comparable store sales at Macy's, the second biggest U. S department store company, rose 3.7 percent, more than an average projection of a 2 percent gain. Sales were helped by better than expected store traffic on the weekend of Valentine's Day and President's Day and an increase in retailers selling spring collections at full price, said Ken Perkins , president of Swampscott, Massachusetts based Retail Metrics."These results support the thinking that retail has momentum going into Easter," Brian Sozzi , an analyst with Wall Street Strategies Inc in New York, said in a telephone interview. "March could be another good month.". Abercrombie , based in New Albany, Ohio, jumped $5.28, or 15 percent, to $41.52 at 4:01 p.m in New York Stock Exchange composite trading, the largest gain since . 
Share:  Sales were helped by better than expected store traffic on the weekend of Valentine's Day and President's Day and an increase in retailers selling spring collections at full price, said <span class="analyst">Ken Perkins</span> , president of Swampscott, Massachusetts based Retail Metrics."These results support the thinking that retail has momentum going into Easter," Brian Sozzi , an analyst with Wall Street Strategies Inc in New York, said in a telephone interview. Tweet this 

Biggest monthly increase in 27 months (MarketWatch) - Mar 04, 2010

Retailers including Nordstrom have also pointed to improving trends in California, among areas that have been hardest hit in the recession. "The consumer looks to have come out of hibernation," said Ken Perkins of Retail Metrics, adding February performance was the best since before the start of the recession in and marked retailers' sixth straight monthly increase. "We need to see more of this to really feel the consumer is coming back.". The S&P Retail Index ( RLX 429.50 , +5.12 , +1.21% ) was up 1% in early afternoon trading, among the leading sectors in the S&P 500. 
Recent Research on Nordstrom, Inc. (JWN)
Summary: Nordstrom Inc. (S&P Credit Research)- Mar 09, 2010
Nordstrom Inc. (S&P Credit Research)- Mar 09, 2010
more research
Share:  "The consumer looks to have come out of hibernation," said <span class="analyst">Ken Perkins</span> of Retail Metrics, adding February performance was the best since before the start of the recession in and marked retailers' sixth straight monthly increase. Tweet this 

US retail sales mark biggest jump in two years (Sydney Morning Herald) - Mar 04, 2010

So called comparable store sales at Macy's, the second biggest US department store company, rose 3.7 per cent, more than an average projection of a 2 per cent gain. Sales were helped by better than expected store traffic on the weekend of Valentine's Day and President's Day and an increase in retailers selling spring collections at full price, said Ken Perkins, president of Swampscott, Massachusetts based Retail Metrics. "These results support the thinking that retail has momentum going into Easter," Brian Sozzi, an analyst with Wall Street Strategies Inc in New York, said in a telephone interview. "March could be another good month.". 
Share:  Sales were helped by better than expected store traffic on the weekend of Valentine's Day and President's Day and an increase in retailers selling spring collections at full price, said <span class="analyst">Ken Perkins</span>, president of Swampscott, Massachusetts based Retail Metrics. Tweet this 

Corrected: Fewer discounts help stores weather February snow (International Business Times) - Mar 04, 2010

Teen apparel retailer Abercrombie & Fitch Co , another long time laggard, also surprised with a 5 percent increase in same store sales instead of the 6.9 percent decline analysts on average expected. "Retailers have really done a great job of limiting their inventories, so they weren't stuck with a lot of stuff that they had to drastically mark down," said Ken Perkins, president of Retail Metrics. 
Share:  "Retailers have really done a great job of limiting their inventories, so they weren't stuck with a lot of stuff that they had to drastically mark down," said <span class="analyst">Ken Perkins</span>, president of Retail Metrics. Tweet this 

U.S. Stocks Gain (BusinessWeek.com - Investing) - Mar 04, 2010

Citigroup Inc raised the shares to "hold" from "sell.". Macy's Inc and Gap Inc also posted sales that topped estimates. Total February U. S comparable store sales climbed 4.1 percent to top Retail Metrics Inc.'s 3 percent estimate, Ken Perkins, president of the research firm, said in a telephone interview. It's the sixth straight monthly gain and the biggest in 27 months. Retail sales fell 4.1 percent in , according to Perkins. 
Share:  Total February U. S comparable store sales climbed 4.1 percent to top Retail Metrics Inc.'s 3 percent estimate, <span class="analyst">Ken Perkins</span>, president of the research firm, said in a telephone interview. Tweet this 

Citigroup Inc raised the shares to "hold" from "sell.". Macy's Inc and Gap Inc also posted sales that topped estimates. Total February U. S comparable store sales climbed 4.1 percent to top Retail Metrics Inc.'s 3 percent estimate, Ken Perkins, president of the research firm, said in a telephone interview. It's the sixth straight monthly gain and the biggest in 27 months. Retail sales fell 4.1 percent in , according to Perkins. 
Share:  Total February U. S comparable store sales climbed 4.1 percent to top Retail Metrics Inc.'s 3 percent estimate, <span class="analyst">Ken Perkins</span>, president of the research firm, said in a telephone interview. Tweet this 

Bio
 

Ken Perkins

Retail Metrics

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This is me
Ken Perkins

About Ken Perkins:

Ken started in the retail industry in 1986 managing retail operations for both Toys R Us and later for Woodward & Lothrop (now part of Federated Department Stores/Macy's). Ken entered the investment business in 1995 after receiving his master's degree in International Economic Policy from the School of International Service at the American University. After working several years as a research analyst with Alpha Equity Research, Ken joined the Quantitative Services Group at First Call in 1998. While at First Call, Ken was involved with developing aggregate earnings indices for institutional clients and developed the retail mean same store sales estimate concept.

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