Target, Costco Seen Posting Strong December Sales Growth

Analysts’ same-store sales estimates indicate that discounters are expected to post some of the strongest numbers among retailers for December.

Overall, the 22 retailers that report monthly numbers are expected to post 4.2% same-store sales growth, against a 3.1% increase last Deecember. Discount stores (there are only 3 that report monthly numbers) are expected to show 6% same-store sales growth, on top of 3.4% growth last year.

Among the big discounters, Target (TGT) is expected to post 4% growth, on top of 0.9% growth last year, and Costco (COST) is expected to post 8% growth on top of 6% growth last year.