Wednesday, September 5, 2007

GOIH Capital Markets: Consumer Retails sharply lower.

The consumer retailer suffered to day in trading, WMT was at a 52 week low trading @ $42.48. Among retail stocks, Walgreens Co. (WAG:
Walgreen Co. News, chart, profile, more
Last: 45.22-0.21-0.46%3:52pm 09/05/2007Delayed quote data
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WAG45.22, -0.21, -0.5%) lost 0.4% after the drug store chain reported a 6.5% rise in same-store sales in August.

Costco Wholesale Corp. (COST:
costco whsl corp new com
News, chart, profile, more Last: 59.04-2.57-4.17%3:57pm 09/05/2007Delayed quote data
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COST59.04, -2.57, -4.2%) fell 4% after the warehouse retailer missed estimates for August same-store sales.

Shares of Mattel Inc. (MAT:
Mattel, Inc
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Last: 22.00+0.03+0.14%3:52pm 09/05/2007Delayed quote data
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MAT22.00, +0.03, +0.1%) were down 0.9% after its third recall of toys made in China, and Guess Inc. (GES: Guess?, Inc News, chart, profile, more
Last: 51.70-1.70-3.18%3:52pm 09/05/2007Delayed quote data
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GES51.70, -1.70, -3.2%) was off 4.9% after it forecast fiscal-year end earnings at the low-end of forecasts