US: Retailers' July 2012 sales roundup
By Leonie Barrie | 2 August 2012
The following is a general roundup of US apparel and shoe retailers' July 2012 sales results.
Action sportswear and footwear retailer Zumiez Inc posted a 21.5% jump in its total sales in July, climbing to $47.0m from $38.7m in the same month last year. Same-store sales were up 7.5% according to the company, which operates 479 stores.
Denim specialist The Buckle Inc posted a 2.4% rise in its net sales in the four weeks to 28 July, up to $66.2m from $64.7m a year earlier. But same-store sales at stores open at least one year slipped 0.1%. The retailer operates 427 stores.
Over at teen clothing Wet Seal Inc, sales at stores open for at least a year tumbled 15.6% as higher prices and fashion mis-steps put off shoppers. Same-store sales declined 15.9% at the Wet Seal stores and fell 14.1% at Arden B in the four weeks to 28 July. Total sales were down 12.9% to $40.4m.
Limited Brands Inc, operator of the Victoria's Secret and La Senza chains, said its July net sales edged down 1.6% to $649.8m from $660.4m a year ago. The company said last year's revenues included a contribution of $67.7m from its Mast third party apparel sourcing business, which was sold in November 2011. Comparable store sales were up 12% in the month.
At value-priced fashion retailer The Cato Corporation, which operates the Cato, Versona and It's Fashion divisions, sales rose 1% to $63.4m from $63.0m a year earlier. Same-store sales were down 2% - and reflect the "continuing economic uncertainty and the related volatility we have seen throughout much of the year," the company said.
Specialty clothing retailer Gap Inc reported a 12% rise in July net sales to $1.06bn, up from $950m a year earlier. Comparable sales, which include online revenues, were up 10%. There were comparable gains in its North American units of 13% at Gap, 8% at Banana Republic and 12% at Old Navy, with International comparable sales rising 4%.
Total sales at regional department store operator Stage Stores Inc increased 7.9% to $110m, up from $102m a year earlier. Comparable store sales increased 5.3%. Growth was seen in most merchandise categories, led by misses sportswear and young men's. The company operates 836 stores under the Bealls, Goody's, Palais Royal, Peebles and Stage names.
Total July sales at Stein Mart Inc rose 4.0% to $69.9m from $67.2m, while same-store sales were up 2.8%. Home, ladies' accessories and ladies' career sportswear posted the strongest sales in the month, while dresses, ladies' plus size sportswear and ladies' boutique were weaker, the company said.
Meanwhile, at Nordstrom Inc there was a 1.1% jump in total retail sales to $1.0bn, up from $993m a year ago. Same-store sales rose 0.9%, the company said. The retailer noted that its Anniversary Sale event started one week later in July, pushing some sales into August.
Off-price retailer Ross Stores Inc, which continues to benefit from consumers' ongoing focus on value, booked a 12% jump in total revenues to $709m, up from $635m a year ago, while comparable store sales grew 7%.
But at Bon-Ton Stores Inc, comparable store sales in July were flat with last year, while total sales slipped 0.1% to $173.4m from $173.6m. Nevertheless, the retailer said it was pleased with its sales performance during the month, especially its new "wear-now" offerings in ladies' apparel, shoes and accessories.
For Macy's Inc, July saw "strong sales," with a 5.1% rise in total sales to $1.69bn, up from $1.61bn in the same month last year. On a same-store basis, sales were up 4.1%, it said.
And off-price retailer The TJX Companies Inc booked an 8% jump in sales for the four-week period to $1.8bn, up from $1.6bn the year before. Comparable store sales were up 7%, which "significantly exceeded expectations."
At department store operator Kohl's Corporation, total sales edged up 3.4% to $1.16bn from $1.12bn last time, and comparable store sales were 1.7% ahead of last year. The company said footwear, home and men's all reported mid-single-digit comp increases in the month.
Saks Incorporated, which operates the Saks Fifth Avenue and Saks Off 5th stores, reported a 5.1% rise in sales to $200.7m from $191.0m last time. Comparable store sales also increased 5.1% in the month. The strongest categories included women's contemporary and designer apparel; and men's accessories, shoes, and contemporary apparel. A one-day electronic gift card event also helped lift July comps.
And Target Corporation also posted a rise in net retail sales for July, up 3.2% to $5bn from $4.8bn a year ago. The retailer said it was "pleased" with a 3.1% rise in comparable-store sales.
Companies: Cato, Zumiez, Wet Seal, Nordstrom, The Buckle, Limited Brands, Victoria’s Secret, Saks, Gap Inc, Stage Stores, Stein Mart, TJX, Ross Stores, Bon-Ton Stores, Macy’s, Kohl’s, Target Corporation
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US: Retailers' July 2012 sales roundup