US: Retailers' April 2009 sales roundup
The following is a general roundup of US apparel and shoe chains' April 2009 sales results. The list will be updated as new results become available.
April sales at action sports retailer Zumiez Inc fell 1.7% to $23.8m, from $24.2m in the same month last year. The company's same-store sales dropped 13.8% compared with an increase of 4.1% a year ago. Zumiez operates 358 stores.
Music based specialty retailer Hot Topic Inc said its total sales were up 5.5% in the four weeks to 2 May, to $47.3m, helped by a 6.5% lift at its Hot Topic chain and a 2.8% rise at Torrid. Same-store sales climbed 3.1%, with a 2.8% drop at Torrid offset by a 5% rise at Hot Topic. The company has 679 Hot Topic stores and 158 Torrid stores.
American Apparel Inc saw a 7% drop in sales at stores open for more than 12 months during the month of April. This compares with a 27% rise in the same month last year. There were 170 stores in the sales comparison.
Stage Stores Inc's total sales for the four-week period increased 1.1% to $107.7m from $106.5m a year ago, helped by the later timing of Easter. Comparable store sales were down 1.5%. Its children's, dresses and men's departments saw same store sales rises. The company operates 747 stores under the Bealls, Palais Royal, Peebles and Stage names.
Maternity apparel retailer Destination Maternity Corporation reported a 4.3% fall in April sales to $49.9m from $52.2m. Same-store sales were down 1.2% - or fell 3.2% after adjusting for the later timing of Easter. Lower sales were also blamed on the unseasonably cool weather and the closure of its leased departments within Sears.
The Children's Place Retail Stores Inc announced net sales of $135.0m for the four weeks to 2 May, up 5% on last year's $128.7m. Comparable retail sales, which include online sales, also rose 5%, with a 4% rise in the US offsetting a 4% decline Canada. Online sales were up 40%. The company owns and operates 922 The Children's Place stores.
The Wet Seal Inc, a specialty retailer for young women, said its sales for April slipped 2.4% to $41m, with a 2.2% decline in comparable store sales. By concept, same-store sales fell 4% at Wet Seal but rose 6% at Arden B where it has launched a new merchandising and pricing strategy.
Fashion retailer The Buckle Inc saw its sales soar 25.6% to $59.m in the four weeks to 2 May, up from $47.0m last year. Comparable store sales jumped 18.2%. The company operates 393 retail stores.
April sales at women's shoe retailer Bakers Footwear Group Inc were flat with last year at $15.1m, but same-store sales rose 1.9% - its eleventh consecutive month of comparable store sales gains. The company has 239 Bakers and Wild Pair stores.
Limited Brands Inc, operator of the Victoria's Secret, Pink, La Senza and Henri Bendel stores, reported an 8% drop in net sales to $531.2m for the four weeks ended 2 May, from $577.5m last year. Comparable store sales dropped 6%.
Off-price retailer Stein Mart Inc saw its total sales fall 14.7% in April, dropping to $100.2m from $117.4m in the same month last year. Same-store sales slumped 14.6%. The best performing categories were dresses and ladies' casual sportswear, the company said, while ladies' career sportswear was amongst the worst. The company has 275 stores.
April sales at specialty clothing retailer Gap Inc fell 5% to $1.05bn from $1.1bn in the same period last year. The company's comparable store sales were down 4% compared with a 6% fall in April 2008. By brand, same-store sales were down 10% at Gap North America, fell 8% at Banana Republic North America, but rose 1% at Old Navy North America. International sales slipped 2%.
Total sales at teen apparel retailer American Eagle Outfitters Inc dropped 2% in the four weeks to 2 May, to $193.6m from $197.7m last year. Comparable store sales were down 5%. April sales were in line with the company's expectations and reflect the shift of Easter and related spring breaks into April from March last year.
At Abercrombie & Fitch, net sales slumped 16% to $202.4m from $241.0m, while comparable store sales tumbled 22%. Total company direct-to-consumer sales decreased 24% to $15.2m. By chain, Abercrombie & Fitch same-store sales fell 17%, Abercrombie was down 27%, Hollister Co dropped 26% and Ruehl plunged 30%.
The Cato Corporation reported a 14% rise in its April sales, climbing to $79.4m from $69.4m last year. Comparable store sales increased 11% for the month. The women's wear retailer operates Cato and It's Fashion stores.
Casual and active apparel retailer Aeropostale Inc increased its sales by 31% to $137.7m in the four weeks to 2 May, up from $104.9m last year. Same store sales increased 20% for the month, helped by the Easter calendar shift. Merchandise margins for the month increased significantly over last year, the company said.
Sales fell 6.5% at specialty fashion retailer Nordstrom Inc to $561m from $600m. Same-store sales for April were down 10.8%, which the company blamed on the timing shift of a Nordstrom Rewards event for Nordstrom cardholders. Nordstrom has 175 stores.
Ross Stores Inc reported a sales gain of 11% in April, to $534m from $480m a year earlier. Comparable store sales grew 6%. Dresses, children's and shoes were the best performing merchandise categories for the month.
Total sales at the Bon-Ton Stores Inc fell 4.7% to $199.4m in the four weeks to 2 May, compared with $209.2m in the prior year period. Same store sales were down 5.1%. The results slightly exceeded expectations, and best performing businesses included children's, and ladies' moderate sportswear.
Department store retailer Dillard's Inc said its April merchandise sales fell 10% to $429.3m from $476.8m. Sales in comparable stores were down 6%, even though "a considerable amount of Easter shopping activity shifted to the April fiscal month." Sales in juniors' and children's apparel were better than the company average.
Macy's Inc reported total sales of $1.69bn, down 9.4% on last year's $1.8bn. On a same-store basis, Macy's sales were down 9.1%, in line with management's expectations. Online sales were up 14.5%. The company operates more than 840 department stores.
Better-than-expected April performance at JC Penney was driven by strength in women's and children's apparel, the department store retailer said. Total sales decreased 5.0% to $1.27bn from $1.33bn a year ago, and comparable store sales fell 6.6%.
Owned sales at Saks Incorporated slumped 31.3% to $238.7m in April, from $347.5m last year. Comparable store sales were down 32.0% for the month. Sales were hit by the shift of a spring season clearance event into May. The company's 53 Saks Fifth Avenue stores were weak across all merchandise categories during the month.
Kohl's Corporation said its total sales to 2 May decreased 2.3% year-on-year, while same-store sales dropped 6.2%. Children's was the best performing category said the retailer, which operates 1,022 stores.
April sales at off-price retailer The TJX Companies Inc rose 1% to $1.43bn from $1.41bn last time. Same-store sales were up 3% for the four weeks to 2 May. The company said "customer traffic has continued to increase significantly across virtually all of our brands."
Wal-Mart Stores Inc saw its net sales for the four weeks to 1 May rise 2.4% to $29.85bn from $29.16bn in the same period last year. Walmart US sales rose 7.7%, offsetting a 7% in its international division and a 4.3% drop at Sam's Club. Sales at US stores open at least a year were up 5%, with Walmart US rising 5.9% and Sam's Club up 0.3%.
Target Corporation reported that its net retail sales for the four weeks to 2 May were up 4.5% to $4.4bn, from $4.25bn a year ago. April comparable-store sales increased 0.3%, in line with guidance.
Companies: Hot Topic, Zumiez, The Children’s Place, Wet Seal, Nordstrom, American Apparel Inc, Stage Stores, Cato, Destination Maternity, Sears, The Buckle, Bakers Footwear, Limited Brands, Victoria’s Secret, Stein Mart, Gap Inc, American Eagle, Aeropostale, Ross Stores, Saks, The Bon-Ton Stores, The Bon-Ton Stores Inc, Bon-Ton Stores, Dillard’s, Macy’s, JC Penney, Kohl’s, The TJX, Wal-Mart, Target Corporation
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