US: Retailers' December 2009 sales roundup
The following is a general roundup of US apparel and shoe chains' December 2009 sales results. The list will be updated as new results become available.
Action sportswear retailer Zumiez Inc reported a 7.7% jump in total sales for the five-weeks to 2 January 2010, rising to $77.6m from $72.0m a year ago. Same-store sales were up 0.3%, reversing a 12.3% drop in the prior year.
At Hot Topic Inc, sales were down 9.8% across the company as a whole in fiscal December, to $119.0m. Same-store sales dropped 10.9%, with an 11.9% decline at the music-influenced Hot Topic chain and a 3.7% fall at Torrid, which sells plus-size apparel.
Retailer Stage Stores Inc posted a 1.0% drop in total sales to $255m, down from $257m last December. Comparable store sales fell 2.2% despite increases in its footwear, intimates, juniors and outerwear categories. The company operates Bealls, Goody's, Palais Royal, Peebles and Stage stores.
For maternity wear retailer Destination Maternity Corporation, December sales increased 2.4% to $46.7m from $45.6m a year ago, helped by the re-launch of the Two Hearts Maternity collection in Sears and Kmart stores. But same-store sales fell 1.2%, which the company blamed on a calendar shift.
Apparel and footwear retailer The Buckle Inc posted a 12.1% jump in net sales for the five weeks to 2 January, up to $147.1m from $131.2m in the same period last year. Comparable store sales rose 6.6%. The company operates 405 stores.
Bakers Footwear Group Inc, which sells fashion footwear for young women from its 240 stores, said fiscal December sales increased 9.5% to $30.0m from $27.4m. Sales at stores open at least one year or more were up 9.9%. Sales were "driven by regular price selling across our boot styles," the company said.
For fashion retailer The Wet Seal Inc, December bought a 1.8% drop in net sales to $75.8m. Same-store sales fell 4.6%, with a 14.1% jump at its Arden B stores unable to offset a 7.3% decline at Wet Seal. The company said comparable store sales improved in the last two weeks of the month as customers delayed holiday shopping until the last minute.
Kid's wear chain The Children's Place Retail Stores Inc reported that its net sales were $224.4m in the five weeks to 2 January, a 10% increase on last year's $204.6m. Comparable retail sales, which include online sales, rose 4%.
Limited Brands Inc, operator of the Victoria's Secret, Pink, La Senza and Henri Bendel stores, posted a 1.0% rise in December net sales to $1.660bn, up from $1.644bn last year. Same-store sales were down 2%, but the company said it was "very pleased" with its holiday performance.
At discounter Stein Mart Inc, which operates 267 stores, total sales dropped 4.4% to $170.2m from $178.0m last December. Same-store sales were down 2.0%. Ladies' casual sportswear and accessories performed best, it said, while the most difficult business was ladies' career fashion. Sales were also hit by adverse weather in certain markets.
December sales at Gap Inc climbed 5%, helped by a buoyant performance at its lower-priced Old Navy chain and an improved showing from its namesake stores. The San Francisco firm noted that net sales for the five weeks to 2 January were $2.02bn, up from $1.93bn in the same period last year. Same-store sales rose 2%, compared with a 14% decrease in December 2008. By division, sales in stores open at least one year rose 1% at Gap stores, were down 3% at Banana Republic and rose 7% at Old Navy. International same store sales dropped 1%.
Teen apparel retailer American Eagle Outfitters Inc said its total sales increased 9% to $538.9m, up from $493.5m a year earlier. Same-store sales increased 7% for the month, helped by a "compelling merchandise assortment infused with fashion and value."
But for youth clothing retailer Abercrombie & Fitch, net sales tumbled 11% to $482.5m from $539.2m. December comparable store sales dropped 19%. Total company direct-to-consumer net merchandise sales decreased 4% to $44.0m. By chain, same-store sales fell 13% at Abercrombie & Fitch, fell 15% at Abercrombie, tumbled 25% at Hollister Co, and dropped 1% at Ruehl.
At Aeropostale Inc, meanwhile, total net sales for fiscal December increased 17% to $460.8m, from $392.7m a year earlier. The specialty retailer, which targets young women and men, said sales at stores open at least a year rose 10% for the month.
Value-priced women's fashion retailer The Cato Corporation posted better than expected sales helped by colder weather. For the five weeks to 2 January sales rose 8% to $104.1m from $96.1, and same-store sales were up 7%.
Nordstrom Inc, the specialty fashion retailer with 184 stores, said its total retail sales rose 10.8% to $1.25bn, up from $1.13bn last year. Same-store sales for fiscal December rose by 7.4%.
Holiday sales at Ross Stores Inc were helped by "terrific bargains" throughout its stores which lifted total sales by 16% to $934m in the five weeks to 2 January, up from $802m a year earlier. Same store sales for the month were ahead of forecast and up 12% over the prior year. Shoes, home and dresses were the strongest merchandise categories.
Broadline retailer Sears Holdings Corporation said same-store sales for its Kmart and Sears stores in fiscal December rose 0.4%. Kmart's sales rose 5.3%, helped by apparel sales and gains from taking back its shoe operations from Footstar. At Sears' domestic stores, however, sales dropped 4.3% on lower sales of higher ticket hardline items.
Snowstorms on key selling days hit December sales at The Bon-Ton Stores Inc, which fell 3.0% to $511.1m from $527.2m a year earlier. Comparable store sales fell 2.6%. Best performing businesses were shoes, children's and moderate missy sportswear, while better missy sportswear was among the weakest.
Fashion and home furnishings retailer Dillard's Inc said its merchandise sales for the five weeks to 2 January fell 8% to $1.006bn from $1.095bn a year earlier. Sales in comparable stores were down 7%.
Department store retailer Macy's Inc achieved its December sales goals, posting sales of $4.426bn for the five week period, an increase of 0.7% compared with last year's $4.397bn. On a same-store basis, sales were up 1.0%, with gains at both Macy's and Bloomingdale's, the company said.
At off-price retailer The TJX Companies Inc, total sales soared 21% to $2.9bn, up from $2.4bn in December 2008. Sales at stores open at least a year jumped 14%. The company said sales were "extremely strong across all divisions and geographic regions."
For value-driven department store retailer Kohl's Corporation, the "best sales performance of the year occurred in the most important month of the year." Total sales for the five weeks to 2 January increased 8.8% to $3,014bn, from $2,770 a year ago. Comparable store sales were up by 4.7%. Footwear and accessories saw the strongest sales.
The "right combination of stylish merchandise and affordable prices" helped December sales at JC Penney Company Inc fall in line with the company's guidance. Total company sales fell 2.4% to $2,889m from $2,961m, while same-store sales dropped 8.1%. Women's and men's apparel, accessories and shoes were the top performing divisions.
For retailer Saks Incorporated, operator of 53 Saks Fifth Avenue stores and 55 Saks Off 5th stores, owned sales rose 11.1% in December to $393.6m, compared to $354.4m last time. Same-store sales rose 9.9% for the month. The strongest categories at Saks Fifth Avenue stores were women's designer and "gold range" apparel, men's sportswear, women's shoes, and handbags.
Stronger than expected customer traffic helped Target Corporation to a 5.0% rise in its net retail sales for the five weeks to 2 January, rising to $9.74bn from $9.28bn a year ago. December comparable-store sales increased 1.8%.
American Apparel Inc, the manufacturer and retailer of branded fashion basics, sales for stores open for more than 12 months fell 5% in December 2009 over the year-ago period. There were 235 stores in the comparison.
Companies: Hot Topic, Stage Stores, Kmart, Wet Seal, Old Navy, Zumiez, Destination Maternity, The Buckle, Bakers Footwear, The Children’s Place, Limited Brands, Victoria’s Secret, Stein Mart, American Eagle, Aeropostale, The Cato Corporation, Nordstrom, Ross Stores, Saks, Sears Holdings, The Bon-Ton Stores, The TJX, JC Penney, Target Corporation, American Apparel Inc
Industry commentators continue to be upbeat about the ongoing recovery in shoppers' spending, even though figures released on Thursday (6 May) showed same-store sales at many US retailers took a tumbl...
Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story....
More than 40 major apparel retailers and vendors, including Macy's, Sears/Kmart, Target, Kohl's, JC Penney, Guess, Victoria's Secret and Saks have agreed to set new industry-wide standards limiting le...
Improving sales and solid operating leverage have helped department store retailer Stage Stores Inc swing to a first quarter profit....
- Expensive US dollar hitting H&M sourcing costs
- Enthusiasm for tech in outdoor apparel on rise
- 2015: Welcome to the new fashion consumer
- New American Apparel CEO sees solid platform
- Outlook 2015: What's happening with sourcing?
- Kanati pulls production out of Pakistan
- EU exploring responsible garment supply chains
- Gap to close Piperlime division
- Hanesbrands invests $1.5m in US hosiery plant
- US takes final step to WTO TFA implementation
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Li & Fung Limited (494) - Financial and Strategic SWOT Analysis Review
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead