Major Retailers Beat November Estimates On Average

Jeff Macke at Minayanville has posted a list of major retailers and how they performed relative to their projected sales. On average, the retailers in the list beat estimates by 1.23%. It should be noted that this average does not accurately reflect the overall retail sales picture because each retailer represents a disproportionate share of the market. For example, Wal-Mart beating estimates by .3% is probably more significant to the overall November sales figures than Chicos missing estimates by 6.8%. Still, when retailers are beating estimates on average it is a strong indication that overall sales figure will be above estimates.