This Chart Shows A Year's Worth Of Comps Across Retail

The image below is courtesy of Ryan Craver, a retail expert who joined Benzinga's PreMarket Prep Monday morning to discuss trends in the retail space. 

Craver is the Senior Vice-President of Emerging Brands, Licenses & Digital Strategy at Lamour Group, and the President and CEO of Trimfit Inc, and has observed a "dramatic" shift in what stores people are shopping at. Specifically, they're moving away from traditional department stores, such as Dillard's, Inc. DDS, J C Penney Company Inc JCP, towards off-price retailers such asTJX Companies Inc TJX andBurlington Stores Inc BURL.

You can see it in this chart, which shows sales comporables for major retail brands in the industry's different arms. While off-price and dollar stores have had a good year, the traditional powerhouses, with the exception of J C Penney, are struggling. Craver noted J C Penney's success comes from their focus on appliances. 

Also notable is how wholesales such as Costco Wholesale Corporation COST are throwing a wrench into things as well. 

Listen to the full interview with Ryan at 18:32 in the clip below.

PreMarket Prep is a daily trading ideas show that focuses on technical analysis and actionable short term trades. You can listen to the show live every morning from 8-9 ET here, or catch the podcast here.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!