US: Retailers' December 2010 sales roundup
The following is a general roundup of US apparel and shoe chains' December 2010 sales results. The list will be updated as new results become available.
Action sportswear retailer Zumiez Inc booked a 14.1% hike in total net sales for the five-week period to 1 January 2011, rising to $88.5m from $77.6m in the same period a year earlier. Same-store sales increased 9.2% said the company, which operates 400 stores.
At Hot Topic Inc, which sells music-influenced apparel, total sales in December fell by 0.1% to $118.8m. Comparable stores sales were down 1.7%, with a 0.3% rise at its Torrid stores offset by a drop of 2.1% at its Hot Topic chain.
For teen fashion retailer The Wet Seal Inc, December was marked by a 4.8% rise in total sales to $79.4m, amid what the company described as an "extremely promotional competitive environment." Comparable store sales fell 2.1%, with an 8.5% rise at Arden B dragged down by a 3.7% drop at Wet Seal.
Stage Stores Inc reported that its total sales for the five week December period increased 4.4% to $266m from $255m a year earlier. Comparable store sales were up 1.9%. Gains were seen in all regions of the country, and were most marked in footwear, junior's and men's categories.
Maternity apparel retailer Destination Maternity Corporation saw its net sales rise 0.7% during the month to $47.1m from $46.7m. Comparable store sales edged up 0.4%. Revenues were helped by new leased department locations in Sears and Kmart.
At teen retailer The Buckle Inc, net sales in the five weeks to 1 January climbed 10.0% to $161.8m, up from $147.1m the year before. Sales at stores open at least one year were up 6.1%.
Discount fashion retailer The Cato Corporation saw its December sales rise 3% to $106.6m, up from $104.0m a year earlier. But same-store sales for the month were flat, which the company blamed on a difficult comparison with last year.
Strong demand across all stores and channels helped teen retailer Abercrombie & Fitch to a 26% hike in December net sales of $596.3m, up from $473.3m last time. Comparable store sales increased 15%. Highlights included a 59% jump in direct-to-consumer net sales, and a 65% surge in international sales.
But at rival teen retailer American Eagle Outfitters Inc, total sales for December fell 6% to $499m, down from $531m a year earlier. Comparable store sales decreased 11% for the month. "Overall December sales deteriorated from the more encouraging trends experienced in November," the company said.
Net sales in the five-week period to 1 January 2011 were flat with last year at $2.0bn, said specialty clothing retailer Gap Inc. Same-store sales fell by 3% in December, with Gap North America down 8%, Old Navy North America dropping 2% and Banana Republic North America up by 1%. The retailer's international sales were down by 4%.
For teen retailer Aeropostale Inc, December brought a 3% rise in total net sales to $474.7m, up from $460.8m last December. But the company's same store sales dropped 5% for the month.
While at fashion retailer Nordstrom Inc there was an 11.9% lift in total retail sales to $1.39bn, up from $1.25bn a year ago. Same-store sales rose 8.4% in December.
For specialty shoe firm Bakers Footwear Group Inc, December sales were flat at $30.1m, while same-store sales increased 1.3%.
Stein Mart Inc blamed adverse weather for a 2.3% drop which saw its December sales fall to $166.3m from $170.2m the year before. Comparable store sales were down 1.9%. Ladies' career sportswear was among categories that exceeded expectations, while ladies' special sizes, men's sportswear and ladies' casual sportswear experienced weaker trends.
Ross Stores Inc said it was “pleased” with an 8% rise in sales in the five weeks to 1 January, to $1.008bn from $934bn in the same period last year. Same store sales rose 4% on top of an outstanding 12% gain in the prior year. The company said juniors and dresses were the strongest merchandise categories.
Department store retailer JC Penney Co reported a 2.3% lift in total December sales to $2.96bn, up from 2.89bn a year earlier. Same-store sales were up 2.3%, with top selling items over the holiday period including St John's Bay and Liz Claiborne cold weather wear.
But another department store retailer, The Bon-Ton Stores Inc, blamed severe snow storms after December sales slipped 0.1% to $510.8m, compared with $511.1m for the prior year period. Comparable store sales increased 0.1%. Weakest performers were ladies' ready-to-wear, children's and intimate apparel.
Meanwhile, at Macy's Inc, total sales rose 4.5% to $4.619bn for the five-week period, up from last year’s $4.422bn. On a same-store basis, Macy's sales were up 3.9% in December. The company said sales were strong at its 850 Macy's and Bloomingdale's stores.
Fashion apparel retailer Dillard's Inc reported a 6% rise in sales to $1.07bn, up from $1.005bn a year earlier. Sales in comparable stores increased 7% for the five weeks to 1 January. Shoe sales were “significantly above trend” it said.
December sales at value-focused department store Kohl's Corporation increased 5.9% to $3.19bn, up from $3.01bn last time. Same-store sales were up 3.9%, with the best performance seen in footwear, men's and accessories.
Strong demand for women's and men's apparel, shoes, handbags at Saks Fifth Avenue stores helped upscale department store retailer Saks Incorporated to a 9.8% hike in December sales, rising to $432.2m from $393.7m. Comparable store sales increased 11.8% for the month.
Discount retailer The TJX Companies Inc exceeded expectations in December. Its total sales rose 6% to $3.0bn, up from $2.9bn the year before, while same-store sales increased 2%. “Comp store sales continue to be driven by growth in the number of customer transactions as value, fashion, and great brands continue to resonate with customers,” said president and CEO Carol Meyrowitz.
For Target Corporation, December saw a 1.4% increase in net retail sales to $9.88bn, up from $9.74bn a year ago. Comparable-store sales increased 0.9%. Results were “below expectations,” the retailer said, as strong apparel sales were offset by softness in other categories.
Companies: Hot Topic Inc, Wet Seal Inc, Zumiez Inc, Stage Stores Inc, Destination Maternity, Kmart, Buckle Inc, Limited Brands, Victoria’s Secret, Macy’s Inc, Cato Corporation, American Eagle Outfitters, Gap Inc, Aeropostale Inc, Nordstrom Inc, Bakers Footwear Group Inc, Stein Mart, Ross Stores Inc, JC Penney Company Inc, Liz Claiborne Inc, Bon-Ton Stores Inc, Saks Incorporated, Federated Department Stores Inc, Dillard’s Inc, Kohl’s Corporation, TJX Companies Inc, Target Corporation
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