Deutsche Bank Publishes Report on November SSS Awards

In its report, Deutsche Bank writes, “Specifically, 4 retailers reported ahead of our expectations while 4 others missed our view. Overall, the group missed expectations, reporting a 2.8% comp versus Street consensus (Retail Metrics) of 3.2% and our 3.6 view. Specifically, winners included COST, M, and SKS which all reported very strong numbers on top of tough compares. Conversely, on the negative side, we highlight KSS, TGT, JCP, and FRED as the under-performers with lower-than-expected results driven mainly by weak traffic.” Companies included in the Deutsche Bank report are: Macy's M, Costco Wholesale Corp. COST, J.C. Penney Company JCP, Nordstrom JWN, Kohl's Corp. KSS, Saks Inc. SKS, Target Corp. TGT, and Fred's Inc. FRED