Comments on: NINE Olympic Sized Hurdles for February 2010 Retail SSS http://blog.compweather.com/2010/02/olympic-size-hurdles-for-february-2010-retail-sss/ Sat, 06 Mar 2010 22:19:42 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Charlie Hall http://blog.compweather.com/2010/02/olympic-size-hurdles-for-february-2010-retail-sss/comment-page-1/#comment-3335 Charlie Hall Sat, 06 Mar 2010 22:19:42 +0000 http://blog.compweather.com/?p=430#comment-3335 Thanks Bill! That helps to clarify -- I appreciate your follow-up comments greatly. Charlie Thanks Bill! That helps to clarify — I appreciate your follow-up comments greatly.
Charlie

]]> By: Bill Kirk, CEO Weather Trends International http://blog.compweather.com/2010/02/olympic-size-hurdles-for-february-2010-retail-sss/comment-page-1/#comment-3306 Bill Kirk, CEO Weather Trends International Fri, 05 Mar 2010 13:20:15 +0000 http://blog.compweather.com/?p=430#comment-3306 Charlie, Good morning. Retailers for the most part were all well above expectations but many did comment that the record snow cost them 1% to 2% in lost sales. Bottom line, they overcame 9 major hurdles but they were up against the easiest February comp ever last year which was -4.3% so the +3.7% gain captured most but not all of last year's huge losses. The expectations for March have been set very low at +2.5% by Wall Street but with the first major Spring surge of warm weather late month around Easter, retailers are poised for a blow out month with exceptional sales gains well above expectations. Why? Because they've had two back-to-back really bad March sales in 2008 = -2.3% and last year -5.1% due in large part to cold/snowy weather around Easter the past two years. Net-net we missed this one but Wall Street was surprised by the prior 2 strong months so we're still up on the street! :) Bill Charlie,

Good morning. Retailers for the most part were all well above expectations but many did comment that the record snow cost them 1% to 2% in lost sales. Bottom line, they overcame 9 major hurdles but they were up against the easiest February comp ever last year which was -4.3% so the +3.7% gain captured most but not all of last year’s huge losses. The expectations for March have been set very low at +2.5% by Wall Street but with the first major Spring surge of warm weather late month around Easter, retailers are poised for a blow out month with exceptional sales gains well above expectations. Why? Because they’ve had two back-to-back really bad March sales in 2008 = -2.3% and last year -5.1% due in large part to cold/snowy weather around Easter the past two years. Net-net we missed this one but Wall Street was surprised by the prior 2 strong months so we’re still up on the street! :)

Bill

]]> By: Charlie Hall http://blog.compweather.com/2010/02/olympic-size-hurdles-for-february-2010-retail-sss/comment-page-1/#comment-3292 Charlie Hall Fri, 05 Mar 2010 02:06:11 +0000 http://blog.compweather.com/?p=430#comment-3292 Bill: After your persuasive post on the downward expectations on February SSS sales due to snowmageddon conditions, I've been checking the SSS reports released today (from ICSC and others) which seem to indicate a 4% increase for the month, which is actually higher than the 2-3% Wall Street expectations. Is this correct? If so, given your excellent track record, is this just one you missed this time? Thanks for your input, Charlie Hall Bill:
After your persuasive post on the downward expectations on February SSS sales due to snowmageddon conditions, I’ve been checking the SSS reports released today (from ICSC and others) which seem to indicate a 4% increase for the month, which is actually higher than the 2-3% Wall Street expectations. Is this correct? If so, given your excellent track record, is this just one you missed this time?
Thanks for your input,
Charlie Hall

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