- A 5% increase in comparable store sales
- Control of advertising, selling, administrative and general expenses (“operating expenses”) which declined 110 basis points of sales
- Repurchase of $27.5 million (0.4 million shares) of Class A Common Stock
Price action in the retailer is disappointing.
Mall anchors are closing stores on weak foot traffic, as Amazon.com is close to setting another all-time intraday high.
Five names to consider from my 'stocks for the defensive investor' screen. Excluding retail, as the sector has generally produced poor results.