WORTHINGTON, OH--(Marketwire - March 1, 2011) - The outlook for same-store sales growth continues to decline from the holiday spending high in December, according to the February ForecastIQ® (a service from Prosper Technologies, LLC). However, the forecast appears slightly brighter than February 2010, with less retailers likely to see decline:
| Total Number for Retailers Tracked | ||||
| FEB-2011 | JAN-2011 | DEC-2010 | FEB-2010 | |
| Almost certain/likely increase* | 13 | 14 | 17 | 12 |
| Flat | 1 | 3 | 3 | 0 |
| Almost certain/likely decline | 13 | 10 | 7 | 15 |
*An "almost certain increase" indicator for February means that in March and April, retailers are almost certain to experience same-store sales growth from the same period a year ago. Forecasts can be viewed by each month.
Complimentary 30-day trial: www.forecastiq.com
Specialty retailer Victoria's Secret is almost certain to see an increase in same-store sales, while high-end retailers Banana Republic, Neiman Marcus and Nordstrom are likely to experience growth.
Department stores Dillard's, Bon-Ton and JC Penney are likely to see decline along with Saks.
Teen retailers American Eagle and Hot Topic are almost certain to see decline, while Abercrombie & Fitch remains flat.
A partial list of retailers covered in the ForecastIQ® and expectations for same-store sales year-over-year growth/decline through April follows:
| Almost certain to see increase: | Almost certain to see decline: | ||
| Buckle | TJX | American Eagle | |
| Costco | Victoria's Secret | Hot Topic | |
| Ross | Wet Seal | ||
| Likely to see increase: | Likely to see decline: | |||
| Aeropostale | Fred's | Bon-Ton | JC Penney | |
| Banana Republic | Neiman Marcus | Cato's | Old Navy | |
| BJ's | Nordstrom | Dillard's | Saks | |
| Children's Place | Gap | Stage | ||
| Flat: |
| Abercrombie & Fitch |
Complete list of retailers and a complimentary 30-day trial: www.forecastiq.com
About ForecastIQ®
The ForecastIQ® retail model was developed in cooperation with Dr. Greg Allenby. The forecasts of same-store sales are based on consumer purchase intentions and behavior derived from historical same-store sales data of 27 publicly traded retailers and consensus estimates combined with BIGresearch® monthly Consumer Intentions and Actions (CIA) Survey data. The results are accurate and provide a forecast of consumer spending 75 days in advance. Same-store sales forecasts are provided by percent growth over the next 45 and 75 day periods. Short term forecasts are available by enhanced consensus estimates.
About Prosper Technologies™
Prosper Technologies™ develops software applications that provide consumer-centric analytics to marketers/retailers for better forecasting consumer demand, allocating marketing dollars, tracking consumer behaviors and understanding cross-shopping patterns.
Contact Information:
Contact:
Phil Rist
614-846-0146