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Retailers Post Higher Same Store Sales in May
Online Stock Market Trading By Armando Duke
9% Ann Summers is the UK's leading No. 1 online pleasure retailer with 124 High Street stores and one of the most successful websites on the internet.
Stock Investing Course (AXcess News) Houston, TX - Shares of Mothers Work (Nasdaq: MWRK) rose Wednesday morning after the children's retailer reported a 5.5 percent increase in same-store sales in May, beating analysts estimates of 3.9 percent.
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Stock Market Game Shares of Mothers Work rose $2.86, or 9.56 percent, to $32.78 after reaching $33.40 in early morning trading, topping its 52-week high of $30.31 on over five times its average trading volume.
Other retailers reportingMay same-store sales today were Gottschalks (NYSE: GOT) said same-store sales rose 2.8 percent.
Shares of Gottschalks traded down 4 cents at $7.18, a new 52-week low for the retailer as investors showed their disappoint in the chain's same-store sales for May.
Claire's Stores (NYSE: CLE) reported same-store sales for May climbed 4 percent, slightly more than analysts predictions of 3.9 percent.
Claire's Stores stock climbed 26 cents, or 1.06 percent, to $24.75 on the big board after showing stronger May results to the market this morning.
Jos. A. Bank Clothiers (Nasdaq: JOSB) reported same-store sales in May were higher by 7.1 percent. Analysts estimated the clothier would report same-store sales in May increasing 5.0 percent.
Shares of Jos. A. Bank's bolted $2.20, or 9.89 percent, to $24.44 after beating analysts estimates and Ryan Beck & Co. raised its rating to "Outperform" from "Market Perform," with a target price of $35. Ryan Beck's analyst, Margaret B. Whitfield, noted that the company's stock was down 40 percent in value.
Pier 1 Imports (NYSE: PIR) reported same-store sales in May climbed 6.6 percent over the top of analysts estimates of 5.3 percent.
Pier 1 shares were trading up 12 cents, or 1.6 percent, at $7.60, lifting the specialty retailers shares above a new 52-week low it hit this morning of $7.45 when investors played ahead of its May same-store sales report thinking it would be lower.
Stage Stores (NYSE: SSI) reported same-store sale in May rose 4.0 percent, almost double the 2.5 percent estimate from analysts.
Shares of Stage Stores were up 70 cents, or 2.3 percent, at $31.20, slightly less than other retailers who announced lower improvement in May same-store sales today.
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