US: Retailers' January 2012 sales roundup
The following is a general roundup of US apparel and shoe retailers' January 2012 sales results.
Action sportswear and footwear retailer Zumiez Inc has posted a 19.2% rise in total sales for the four weeks to 28 January, climbing to $31.8m from $26.7m in the same period last year. Same-store sales were up 10.8% according to the company, which operates 434 stores.
Denim specialist The Buckle Inc posted a 10.9% jump in net sales to $60.3m in the four-week period to 28 January, up from $54.4m a year earlier. Same-store sales at stores open at least one year were up 7.4%. The retailer operates 431 stores.
Teen clothier Wet Seal Inc said its January sales "did not meet expectations," as spring transitional fashion underperformed and tight inventory management led to light unit levels. Weakness was seen in all major categories at Arden B. Net sales dropped 8.2% to $32.4m. And same-store sales tumbled 13%, with a decline of 13% at the Wet Seal stores and a fall of 12.7% at Arden B.
Specialty clothing retailer Gap Inc reported a fall of 1% in its net sales, dropping to $833m from $843m last year. January same-store sales dropped 4% as it took steps to clear merchandise. Comparable sales - including online sales - in its North American operations fell 5% at Gap, rose 6% at Banana Republic, and dropped 6% at Old Navy. International same-store sales fell 10%.
At value-priced fashion retailer The Cato Corporation, which operates the Cato, Versona and It's Fashion divisions, sales fell 4% to $50.5m from $52.6m a year earlier. Same-store sales were also down, dropping by 6%. The results were hurt by the timing of tax refunds, it said.
Total sales at regional department store operator Stage Stores Inc increased 2.5% to $74m from $72m a year earlier. Comparable store sales fell 0.1%, although growth was seen in accessories, children's, cosmetics, footwear, and junior's, the company said. The company operates 816 stores under the Bealls, Goody's, Palais Royal, Peebles and Stage names.
Meanwhile Stein Mart Inc booked a 4.3% drop in total January sales, falling to $60.1m from $62.8m the year before. Comparable store sales were down 3.9%. Ladies' accessories and men's furnishings outperformed company trends, while ladies' dresses and career sportswear were weaker. Ladies' casual sportswear, men's furnishings and ladies' accessories had the strongest sales, while men's sportswear, women's and social dresses saw weaker trends.
Over at Nordstrom Inc there was a 13.2% jump in total retail sales to $688m, up from $607m a year ago. Same-store sales were up 5.0%.
And January sales were ahead of expectations at off-price retailer Ross Stores Inc, which continues to benefit from consumers' ongoing focus on value. Total revenues increased 10% to $483m, up from $441m a year ago, and comparable store sales grew 5%. Juniors, shoes and children's continued to be the strongest merchandise categories.
Growth also continued at Macy's Inc, where total sales rose 2.0% to $1.34bn, compared with $1.31bn the year before. On a same-store basis, sales were up 2.4% in January. But it said sales in January - the smallest-volume month of the year - were "weaker than anticipated."
But department store retailer The Bon-Ton Stores Inc said its total sales were below plan as milder weather hurt sales of cold-weather merchandise. Total sales slipped 3.2% to $174.4m from $180.1m, and same-store sales fell 3.5%.
And revenues fell 1% at Dillard's Inc to $363.55m from $366.42m the year before, although comparable store sales were flat with last year. Sales in shoes were "significantly above trend," the retailer said, whereas men's apparel and accessories lagged.
Saks Incorporated, which operates the Saks Fifth Avenue and Saks Off 5th stores, reported a 7.2% rise in sales to $175.6m from $$163.8m last time. Comparable store sales jumped 10.5% for the month. The strongest categories included women's contemporary and "gold range" designer apparel, handbags, and men's accessories, clothing and contemporary apparel.
Modest gains were seen at department store operator Kohl's Corporation, where January sales "were in-line with expectations." Total sales rose 2.4% to $844m from $825m last time, and comparable store sales edged up 0.6%.
At off-price retailer The TJX Companies Inc, sales for the four weeks of January climbed to $1.4bn, up 5% over last year's $1.3bn. Consolidated comparable store sales increased 7% and the company said "every division" delivered strong sales results.
Target Corporation, meanwhile, said its net retail sales rose 5.1% to $4.6bn from $4.4bn a year ago, and comparable-store sales increased 4.3%. It said January sales were near the high end of expectations and were "healthy throughout the month and across the country."
Companies: Wet Seal Inc, Cato Corporation, Zumiez Inc, Buckle Inc, Limited Brands, Victoria’s Secret, Gap Inc, Saks Incorporated, Stage Stores Inc, Stein Mart, Nordstrom Inc, Ross Stores Inc, Macy’s Inc, Bon-Ton Stores Inc, Dillard’s Inc, Kohl’s Corporation, TJX Companies Inc, Target Corporation
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