According to analysts at FBR Capital Markets, some hardline retailers witnessed a year over year rise in traffic during Black Friday, driven by less retail capacity and the consumer electronics market.
Consumer doorbuster deals brought more consumers last Friday than on Black Friday last year. The liquidation of the Linens 'N Things and Circuit City chains could have helped the sales of hardline retailers, FBR Capital Markets says.
FBR Capital Markets reiterates its “outperform” rating on RadioShack (NYSE: RSH), Home Depot (NYSE: HD) and Lowe's (NYSE: LOW). Home improvement companies are expected to post healthy results for Q4. The Q4 sales and EPS are likely to be ahead of expectations, FBR Capital Markets adds.
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