RADAR for December 1, 2006

Market Trends

Industry news released today indicates that shoppers are taking more to department stores for the holiday shopping season than specialty retail shops. This was semi-obvious yesterday, when companies like Pier One Imports Inc. (PIR:NYSE), Ann Taylor Stores Corp. (ANN:NYSE), and Abercrombie & Fitch Co. (ANF:NYSE) all failed to meet seasonal expectations.

According to the International Council of Shopping Centers, department store sales increased a whopping 4.6% in November… compared to only 0.2% at specialty retail stores open at least a year.

Of course, the real indication of sales will be the ten days leading up to Christmas… where online sales and store sales are always the highest for the season.

Material Profits

This morning, we got this message from trading tactician, Bryan Bottarelli:

From: Bryan Bottarelli
Sent: Friday, December 1, 2006
To: Adam Lass; Ann Sosnowski; Sara Nunnally
Subject: Snow

Hi everyone,

We got blasted with snow last night. Easily one foot of heavy stuff.

I'll pry. spend the morning shoveling...

Be warned – this snow is making its way towards Baltimore!

- B -

I’ll have more on this storm in tonight’s Market Report. Best of luck to all those in the Midwest. Be safe, all.

Please note that all quoted currencies are in United States dollars, unless specifically stated otherwise.

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