Yesterday, fellow Fool Seth Jayson penned an insightful piece reminding investors to exercise some independent judgment and not fall prey to the headline-driven media. As an example, he cited an AP article that painted a bleak picture of the nation's November retail comps picture. My initial reaction to the dour report was similar: Sure, it doesn't take much digging to uncover areas of weakness, but many people appear to be unduly focused on poor performance while glossing over any signs of strength.
To be fair, Target
Another company that continues to outperform is Children's Place
Some of the credit goes to the newly acquired Disney stores, which officially became a Children's Place subsidiary just in time for Thanksgiving shopping. The outlets contributed $23.3 million in sales in just one week of operation. Disney Princess merchandise was reportedly popular, and demand was high for items related to The Incredibles, the blockbuster collaboration of Disney
In the company's sales call, newborn apparel and accessories were singled-out as the top categories, with same-store sales gains in the mid-teens. Echoing observations made earlier by companies such as Overstock.com
Heading into the final month of the year, sales are tracking 26% ahead of last year's pace at $814.1 million. Excluding the Disney Stores, which are expected to be modestly accretive, management reaffirmed its full-year earnings outlook, which forecasts a 60% jump to $1.36. With all that gloomy talk floating around, Children's Place shareholders might be wondering what all the fuss is about.
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Fool contributor Nathan Slaughter spends far more money on his toddler's wardrobe than he does on his own. He owns none of the companies mentioned.