US: Retailers' November 2007 sales roundup
The following is a general roundup of apparel and shoe chains' November 2007 sales results. The list will be updated as new results become available.
Mall-based specialty retailer Hot Topic Inc has posted a 1.3% drop in its total sales for November, to $56.2m. Same-store sales were down 4%, the City Of Industry, California-based company said. By division, same-store sales at Hot Topic were down 3.4%, while the Torrid chain saw a 25.8% fall.
Sports-focused clothing and accessories retailer Zumiez Inc said same-store sales rose 5.6% in November. For the four weeks to 1 December, total sales rose 29% to $33.3m, from $25.9m last year.
Upmarket retailer Neiman Marcus Inc reported an 8.7% rise in total sales to $360m from $332m in the same period last year. Total comparable revenues were up 5.8%. In the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, comparable revenues increased 6.1% in November, with designer shoes and handbags among the strongest performers. Neiman Marcus Direct revenues increased 4.3%.
Houston, Texas-based Stage Stores Inc said its total sales for the four-week November period increased 7.8% to $130.7m from $121.2m. Comparable store sales for the month increased 3.6% versus an increase of 0.2% last year, helped by the arrival of cold weather in the North East.
Maternity apparel retailer Mothers Work Inc announced a 2.3% rise in net sales for November to $46.5m from $45.4m, which was in line with our previous guidance. Comparable store sales were flat versus a decrease of 1.3% for November 2006. The company says it continues to suffer from the pregnancy-friendly fit of certain non-maternity fashion trends.
Men's wear retailer JoS A Bank Clothiers Inc saw total net sales for fiscal November rise 24.7% to $63.1m from $50.6. Comparable store sales gained 15.0%, while Direct Marketing sales increased 41.4%.
Leather outerwear and apparel retailer Wilsons The Leather Experts Inc reported a sales increase of 6.6% to $33.6m as compared to $31.6m in the prior year period. Same store sales increased 0.4% for the four weeks to 1 December. The company said women's accessories and outerwear showed strong comparable store sales results in November.
Young women's fashion retailer The Wet Seal Inc posted a 15.2% fall in November net sales to $53.0m, from $46.0m last time. Same store sales declined 1.7% for the four-week period. The Foothill Ranch, California based company operates 405 Wet Seal stores and 95 Arden B stores.
The Children's Place Retail Stores Inc increased its total sales for the four weeks to 1 December by 18% to $234.6m from $199.3m. Consolidated comparable store sales increased 3% on top of last year's 8% comparable store sales increase. Same-store sales at The Children's Place brand rose 8%, but Disney Store sales fell by 7%.
Sales at The Cato Corporation slipped 4% to $58.4m from $60.9m in the same period last year. Comparable store sales for the month decreased 6%. As of 1 December the company operated 1,328 value-priced women's fashion apparel stores in its Cato and It's Fashion! Divisions.
Women's clothing retailer Christopher & Banks Corporation reported total sales in November of $48.1m, up 8.6% on last year's $44.3m. Same-store sales for the month increased 1%. The Minneapolis-based company said November merchandise margins showed strong improvement over last year's levels.
Preliminary sales at Nordstrom Inc for the four-weeks to 1 December rose 7.4% to $804.9m, from $749.4s in the same period last year. Same-store sales increased 8.7%.
Stein Mart Inc's total sales for November fell 3.1% to $140.2m from $144.7m, while same-store sales dropped by 8.9%. The company said the men's and ladies' apparel and accessories divisions were better than the company trend, and that special sizes continued to post positive comparative stores sales.
Women's wear retailer AnnTaylor Stores Corporation described November as "a solid month overall," with net sales increasing 12.2% to $209.2m from $186.4m. Comparable store sales were up 3.9%, versus a decline of 4.3% in the November 2006 period. By division, same-store sales for Ann Taylor increased 0.6%, and for Ann Taylor Loft they rose 5.3%.
Aéropostale Inc, the mall-based specialty retailer of casual and active apparel said total net sales increased 28.4% to $192.2m, from $149.7m, for the period. Same store sales increased 6.6%. The company, which operates Aéropostale and Jimmy'Z stores, said it ended November with same store sales "at the high end of our guidance, with gross margins above last year and with inventories well controlled."
November sales at Gap Inc increased 11% to $1.54bn from $1.39bn, while same-store sales were flat compared with an 8% decrease in November 2006. Comparable store sales by division were up 1% at Gap North America, up 4% at Banana Republic North America, down 3% at Old Navy North America. International sales were up 1%.
Abercrombie & Fitch reported a 25% jump in November net sales to $352.3m, from $282.9m in the same period last year. November comparable store sales increased 2%, and total company direct-to-consumer net sales increased 78% to $32.8m. By division, Abercrombie & Fitch same-store sales increased 4%, Abercrombie fell 1%, Hollister Co was flat to last year, and Ruehl comparable store sales decreased 12%.
Dresses, accessories and shoes were the top performing businesses at Ross Stores Inc, which posted a 10% increase in sales for the four weeks to 1 December, to $547m from $496m. Same store sales rose 3%.
American Eagle Outfitters Inc said its total sales for the period were $285.8m, an increase of 16% over last year's $247.0m. Comparable store sales were flat, compared to a 10% increase for the same period last year. The retailer operates under the American Eagle Outfitters and Martin + Osa brands.
Companies: Neiman Marcus Group, Hot Topic Inc, Wet Seal Inc, Children’s Place Retail Stores Inc, Cato Corporation, Zumiez Inc, Stage Stores Inc, Destination Maternity, Jos A Bank Clothiers Inc, Walt Disney Company, Victoria’s Secret, Limited Brands, Aeropostale Inc, Nordstrom Inc, Stein Mart, AnnTaylor Stores, Gap Inc, Ross Stores Inc, American Eagle Outfitters
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The Wet Seal has pledged to continue to cut costs and improve productivity after posting an increased profit for the first quarter - despite falling comparable store sales....
Retailer J Crew Group has lowered its full-year earnings guidance despite posting a 24% hike in first quarter profits....
Retailer Delia's posted an increased first quarter loss of US$3.9m, despite an upturn in revenues and excellent trading during April....
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Compensation from the long drawn-out and failed takeover bid by Finish Line has helped shoe, hat and accessories retailer Genesco Inc to a huge gain in first quarter profit....
Tight inventory and expense control will remain a priority for Shoe Carnival Inc after the value-priced footwear and accessories today (29 May) reported a 34.2% drop in first quarter profit....
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