US: Retailers' September 2012 sales roundup
The following is a general roundup of US apparel and shoe retailers' September 2012 sales results.
Action sportswear and footwear retailer Zumiez recorded an 18.6% increase in total sales to reach $62.7m, up from $52.9m the prior year. Comparable store sales were up 5.6%, according to the company, which operates 489 stores.
US teen fashion retailer The Buckle posted a 0.8% rise in net sales for the five weeks ended 29 September to $99.1m, up from $98.4m the same period last year. The company, which owns 440 retail stores, said comparable store sales for stores open at least one year edged down 0.8%.
Meanwhile, at The Wet Seal, sales at stores open at least one year fell 12.7%. Comparable store sales declined 12.6% at Wet Seal stores and dropped 13.6% at Arden B stores. The teen retailer, which saw total sales slip 9.9% to $48.3m, said results were "in line with expectations".
Limited Brands, which owns the Victoria's Secret chain, said its September comparable store sales increased 5% for the five weeks ended 29 September. Net sales slipped 5.5% to $773.6m, down from $818.6m the prior year.
Specialty clothing retailer Gap Inc booked a 6% rise in comparable sales during September on the back of gains at its North American divisions. The San Francisco-based retailer saw comparable sales growth in all of its North American business units, with Gap recording a 5% gain, Banana Republic posting 4% growth and Old Navy booking a 10% increase in comparable store sales. But international comparable store sales declined 3%, against a 13% fall last year. Net sales increased 8% to US$1.45bn, compared to $1.35bn the same period last year.
Total sales at upscale department store operator Nordstrom rose 7.4% to $1.01bn, compared to $943m the same period last year. Same-store sales were up 4.4%. The retailer opened four Nordstrom Rack stores during the month and announced plans to open four full-line store in Canada starting 2014.
Department store chain Kohl's saw September total sales edge down 1.4%, while comparable store sales slipped 2.7%. The retailer, which operates 1,146 stores, said it remains comfortable with its previous third-quarter guidance of $0.83 to $0.89 per diluted share.
For Macy's, September saw total sales increase 2.7% to $2.36bn, up from $2.29bn last year. On a same-store basis, sales were up 2.5%. The company said sales were "consistent" with its year-to-date trend.
Department store operator The Bon-Ton Stores posted a 0.7% rise in total sales to $288.9m, up from $286.9m the year before. Comparable store sales edged up 0.6% because of a better balanced merchandise assortment and refined marketing efforts. The retailer said it "gained momentum" in the final two weeks and "finished strong".
Discount department store retailer Stage Stores reported a 13.7% increase in total sales to $134m, up from $118m the year before. Comparable store sales were up 11.1% with every merchandise category achieving an increase. The company described September as "an outstanding month" with strong back-to-school sales.
Over at Ross Stores there was a 10% jump in sales for the five weeks ended 29 September, to $800m, up from $726m the year before. Comparable store sales increased 5%. The value retailer has lifted its third-quarter earnings per share target to between $.70 to $.71, compared to earlier guidance of $0.63 to $0.66.
At discount retailer Stein Mart, comparable store sales increased 2.4% during September. Total sales were up 3.9% to $102.7m, compared to $98.9m in the prior year. The company, which has 262 stores, said sales were impacted by hurricane Isaac as a number of stores were not operational for a period of time.
Off-price retailer The TJX Companies Inc booked a 10% rise in sales during the five-week period to $2.5bn, up from $2.2bn the prior year. The company was "extremely pleased" with its better-than-expected comparable store sales increase of 6%.
At value-priced fashion retailer The Cato Corp, which operates the Cato, Versona and It's Fashion divisions, sales climbed 1% to $71.1, against $70.7m a year ago. The company said same-store sales fell 4%, which reflected a minimal negative impact from Hurricane Issac and were "mostly in line" with its year-to-date trend.
And Target Corporation saw net sales climb 2.6% to $6.07bn, up from $5.92bn last year. September comparable-store sales rose 2.1%, which was "in line" with the company's guidance. The retailer said it was "pleased" with its sales results.
Companies: Wet Seal Inc, Nordstrom Inc, Zumiez Inc, Buckle Inc, Limited Brands, Victoria’s Secret, Gap Inc, Kohl’s Corporation, Macy’s Inc, Bon-Ton Stores Inc, Stage Stores Inc, Ross Stores Inc, Stein Mart, Cato Corporation, TJX Companies Inc, Target Corporation
The following is a general roundup of US apparel and shoe retailers' February 2013 sales results. It is worth noting that from this month, a number of retailers are no longer reporting their sales res...
2013 got off to a strong start for US clothing and footwear retailers in January, with many reporting their best performance since September 2011....
Speciality retailer The Wet Seal posted substantial losses for the fourth quarter and full year, impacted by falling sales and restructuring charges....
Action sportswear and footwear retailer Zumiez has reported a 22.1% rise in fourth-quarter net profit, boosted by double-digit sales growth - but forecasts a weaker first-quarter performance....
Upscale department store retailer Nordstrom Inc has revealed plans to double the number of Nordstrom Rack stores it operates to more than 230 over the next four years....
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