US: Retailers' February 2012 sales roundup
The following is a general roundup of US apparel and shoe retailers' February 2012 sales results.
Action sportswear and footwear retailer Zumiez Inc has posted a 23.0% in its total sales in February, climbing to $40.2m from $32.7m in the same month last year. Same-store sales were up 14.2% according to the company, which operates 434 stores.
Denim specialist The Buckle Inc posted a 17.4% jump in net sales in the four weeks to 25 February to $86.7m, up from $73.9m a year earlier. Same-store sales at stores open at least one year surged 14.8%. The retailer operates 431 stores.
Teen clothier The Wet Seal Inc said its sales were "in line with expectations", although net sales slipped 3.0% to $46.7m. Same-store sales were also down, dropping 5.8%, with a decline of 4.3% at the Wet Seal stores and a fall of 14.3% at Arden B. The company said it "performed well" in denim and overall bottoms at Wet Seal, but that Arden B "continued to experience weakness in all major categories."
Limited Brands Inc, operator of the Victoria's Secret and La Senza chains, said its February net sales edged down 2.5% to $653.9m from $670.9m. The company said last year's revenues included a contribution of $70.5m from its Mast third party apparel sourcing business, which was sold in November 2011. Comparable store sales were up 8% in February.
Specialty clothing retailer Gap Inc saw its net sales for the four-weeks to 25 February rise 6% to $874m, compared with $821m a year ago. Comparable sales were up 4%, with gains in its North American units of 1% at Gap, 12% at Banana Republic, and 5% at Old Navy. But international comps fell 9%.
At value-priced fashion retailer The Cato Corporation, which operates the Cato, Versona and It's Fashion divisions, sales fell 3% to $83.9m from $86.2m a year earlier. Same-store sales were also down, dropping by 5%. The results were hurt by tax refund delays and "the continuing difficult economic environment," it said.
Total sales at regional department store operator Stage Stores Inc increased 7.1% to $101m from $94m a year earlier. Comparable store sales increased 3.7%. Growth was seen in the children's, footwear, junior's, men's, outerwear, petites and young men's categories. The company operates 819 stores under the Bealls, Goody's, Palais Royal, Peebles and Stage names.
Total February sales at Stein Mart Inc edged up 0.3% to $80.7m from $80.4m, while same-store sales increased 0.7%. Ladies' accessories, petites and men's furnishings were among the strongest performers, but intimate apparel, men's sportswear and ladies' casual and plus size sportswear saw weaker trends.
Over at Nordstrom Inc there was a 16.2% jump in total retail sales to $704m, up from $606m a year ago. Same-store sales were up 10.2%. February sales were helped by bringing forward the timing of a shoe clearance event, the company said.
General merchandise operator Target saw net sales rise 8% to $5.1bn on a year-on-year basis. Comparable-store sales increased 7% over the month. The company said sales were well above its forecasts due to stronger-than expected customer traffic combined with an increase in transaction size.
Off-price chain TJX Companies recorded a 12% sales rise to $1.6bn as comparable-store sales increased 9% on the previous year. The company attributed the gains to very favourable weather patterns which helped boost demand for spring apparel.
Upmarket department store chain Saks said that sales rose 6% to $207.9m. Comparable-store sales increased 6.6% over the month. The company said the strongest categories included women's contemporary and 'wear now' apparel, handbags, men's accessories, shoes, furnishings and contemporary apparel.
Department store operator Macy's said total sales were up 5.5% to $1.8bn. Same-store sales increased 4.6% against the same period of the previous year. Online sales rose 31.3%. The company said it saw a good response to its early spring deliveries in women's apparel and continued strong trends in accessories, shoes, cosmetics, men's and home.
Kohl's said total sales increased by 1.1% to $1.2bn, despite comparable-stores sales declining 0.8% over the month. Kohl's said the results were as expected, but that the cold weather regions - the Midwest and Northeast - outperformed company's average for the month. Accessories, men's and children's also recorded positive comparable-store sales.
Bon Ton stores recorded a slight sales increase of 0.9% to $199.4m. Comparable-store sales increased 0.7%. Best performing lines included shoes, ladies better sportswear, cosmetics, bright shoes and handbags, with coats being the poorest performing category.
However Ross Stores said sales were well ahead of expectations for the second consecutive month, jumping 14% to $677m during February. Comparable-store sales grew 9%. The month benefited from favourable weather conditions throughout most of its markets, the company said.
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