US: Retailers' June 2011 sales roundup
The following is a general roundup of US apparel and shoe chains' June 2011 sales results. The list will be updated as new results become available.
Action sportswear retailer Zumiez Inc has posted a 16.8% rise in total net sales for the five weeks to 2 July, rising to $43.5m from $37.2m a year ago. Same-store sales were up 9.8% according to the company, which operates 415 stores.
At music/pop-influenced apparel retailer Hot Topic Inc, sales for the fiscal month fell 1.8% to $58m. Same-store sales slipped 0.4%, with a 7% gain at its Torrid stores offset by a drop of 1.5% at its Hot Topic chain.
Stage Stores, meanwhile, reported a 3.4% rise in total sales for the period, to $134m from $129m. Comparable store sales increased 1.8%, with gains seen in accessories, cosmetics, footwear, home and gifts, junior sportswear, and special sizes.
Maternity apparel retailer Destination Maternity Corporation said its net sales for the month of June increased 4.6% to $42.9m from $41.0m the year before. Comparable store sales slipped 1.4%. The company, which operates 2,360 retail locations, resorted to "price promotional activity and additional markdowns taken to spur sales and manage inventory levels."
Denim specialist The Buckle Inc booked a 15.2% rise in net sales for the five-week fiscal month to $79.6m from $69.2m in the prior year. Sales at stores open at least one year increased 10.8%.
Teen apparel retailer The Wet Seal Inc saw a 15.3% jump in June sales to $57.9m, thanks to growth at both its Wet Seal and Arden B chains. Same-store sales were up 7.3%, with a rise of 7.5% at Wet Seal and growth of 6.6% at Arden B. "We are encouraged by these consistent results as we near the important back-to-school selling season," said CEO Susan McGalla.
At value-priced fashion retailer The Cato Corporation, sales edged up 2% to $90.4m from $88.2m. Same-store sales for the five-week period increased 1%, coming in "slightly above expectations."
Limited Brands Inc, operator of the Victoria's Secret and La Senza chains, posted net sales of $1.080bn for the five weeks to 2 July, up 11.9% on last year's $965.4m. Comparable store sales increased 12%.
June sales at specialty clothing retailer Gap Inc were up 5% to $1.38bn, compared with $1.31bn in the same month last year. Same-store sales rose 1%, with gains across all divisions except its namesake unit. Comparable sales slipped 1% at Gap North America, Banana Republic North America saw a rise of 3%, Old Navy North America rose 2%, and international sales rose by 3%.
But at Stein Mart Inc, sales for the period were down 2.5% to $104.5m from $107.2m. Comparable store sales fell 1.5%. Ladies' dresses, intimate apparel, casual sportswear and men's sportswear all posted positive comparable store sales for June, the retailer said.
Nordstrom Inc, meanwhile, booked a 12.8% jump in June retail sales, which rose to $927m from $822m in the same month last year. Same-store sales were up 7.9%. Nordstrom operates 214 stores.
Sales at Ross Stores Inc increased 9% to $793m for the five weeks to 2 July, up from $725m in the same period last year. Comparable store sales for the month beat expectations with a rise of 5%. Dresses and accessories were the best-performing merchandise categories, the company said.
Department store operator The Bon-Ton Stores Inc saw its total sales decrease 1.5% to $240.8m in June, down from $244.4m last time, but said warm weather helped drive revenues at the end of the month. Same-store sales slipped 0.9%. Best performing categories included ladies' better sportswear and shoes.
For Macy's Inc, June sales growth at its Macy's and Bloomingdale's stores and online sites "exceeded our expectations," rising 7.5% to $2.392bn compared with $2.226bn a year ago. On a same-store basis, sales were up 6.7%
Dillard's Inc also saw its merchandise sales rise in the month, posting a lift of 5% to $531.43m from $506.45m. Comparable store sales increased 6%.
New York based Saks Incorporated said its owned sales totalled $258.6m for the five weeks to 2 July, up 8.7% on last year's $237.9m. Same-store sales increased 11.9%. The strongest categories at Saks Fifth Avenue stores included women's shoes and designer apparel; as well as men's clothing, sportswear and shoes.
Department store retailer Kohl's Corporation said it was "very pleased" with its June results, which saw total sales rise 9.2% to $1.75bn, up from $1.6bn the year before. Comparable store sales were up 7.5%, with growth across all lines of business.
In contrast, total sales at JC Penney Company Inc slipped 0.3% during the month, falling to $1.545bn from $1.55bn last time. But comparable store sales edged up 2.0%, the department store retailer said, with women's apparel delivering strong results.
At off-price retailer The TJX Companies Inc, June revenues came in at $2.1bn, up 8% over the $2.0bn booked last year. Same-store sales "exceeded expectations" with an increase of 5% over last year.
And at Target Corporation, net retail revenues for the five weeks to 2 July were $6.256bn, a rise of 5.7% on last year's $5.918bn. June comparable-store sales were up 4.5%, coming in at the high end of forecasts.
Companies: Wet Seal Inc, Hot Topic Inc, Zumiez Inc, Nordstrom Inc, Stage Stores Inc, Destination Maternity, Buckle Inc, Cato Corporation, Limited Brands, Victoria’s Secret, Macy’s Inc, Gap Inc, Stein Mart, Saks Incorporated, Ross Stores Inc, Bon-Ton Stores Inc, Federated Department Stores Inc, Dillard’s Inc, Kohl’s Corporation, JC Penney Company Inc, TJX Companies Inc, Target Corporation
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