US: Retailers' February 2009 sales roundup
By just-style.com | 5 March 2009
The following is a general roundup of US apparel and shoe chains' February 2009 sales results. The list will be updated as new results become available.
Music-influenced apparel retailer Hot Topic has posted a 13.7% rise in February sales to $57.3m at its Hot Topic and Torrid concepts. Sales climbed 13.8% to $44.1m at Hot Topic, and increased 13.4% to $13.2m at Torrid. Same-store sales were up 10.8%, the company said.
Zumiez, which sells action sports related apparel and footwear from 345 stores, reported a 0.2% increase in its sales for the four weeks to 18 February, to $23.1m. Same-store sales, however, fell 13.4%.
Apparel and footwear retailer Stage Stores saw its total sales drop 4.7% to $100.9m in February, down from $105.9m in the same month last year. Comparable store sales fell 8.6%, which the company said was due to less clearance inventory. Dresses, intimate apparel, men's and petites categories all performed better than the company average.
February sales at Destination Maternity were down 6.6% to $42.7m from $45.7m last year. Comparable store sales dropped 3.5%. The maternity wear retailer, which operates 1,090 retail locations, said it managed to lower inventory levels and markdowns and improved gross margins.
Fashion retailer The Buckle bucked trends with a 27.5% hike in net sales for the four weeks to 28 February, to $63.3m from $49.6m a year earlier. Same-store sales increased 21.0%.
Bakers Footwear Group also posted a rise in revenues, with net sales up 10.6% to $13.9m from $12.6m. The firm, which sells women's fashion footwear through 239 Bakers and Wild Pair stores, said February same-store sales rose 12.8%.
The Wet Seal, which sells fashions for young women, reported a 5.8% drop in February sales to $39.8m. Comparable store sales were down 6.6%, with a 5.6% fall at Wet Seal stores, and an 11.5% drop at Arden B. Lower price points at Arden B improved regular price sell-through in February, the company said.
Limited Brands, operator of the Victoria's Secret, La Senza and Henri Bendel stores, posted a 10.8% drop in sales for the four weeks to 28 February, down to $547.8m from $614.4m a year ago. Same-store sales dropped 7% for the period.
February sales at The Children's Place Retail Stores were down 1% to $110.4m from $111.4m in the same month last year. Consolidated comparable retail sales were flat, with a 3% decline in US same-store sales and a 2% rise in Canada. E-commerce sales were up 50%.
Off-price retailer Stein Mart said its February sales fell 12.5% in February to $84.1m from $96.1m in the same period last year. Same-store sales dropped 12.2%. The best performing businesses were ladies' casual sportswear and dresses, while the most difficult were ladies' career sportswear and gifts.
Youth apparel retailer American Eagle Outfitters posted a 1% rise in total sales for February, to $177.2m from $175.1m last year. Comparable store sales were down 7% for the month. The company operates 953 American Eagle Outfitters stores, 116 Aerie by American Eagle stores, 28 Martin + Osa stores, and 77kids By American Eagle.
Gap Inc, the largest US specialty clothing retailer, said its February sales fell 12% to $795m from $907m. The company's same-store sales were also down 12%, with declines in all divisions. Gap North America fell 12%, Banana Republic North America was down 16%, Old Navy North America dropped 13%, and International same-store sales were down 6%.
For the four weeks to 28 February, net sales at Abercrombie & Fitch tumbled 24% to $174.5m, down from $228.9m a year earlier. Comparable store sales slumped 30%. Total company direct-to-consumer net sales were down 17% to $14.1m. By chain, same-store sales at Abercrombie & Fitch fell 27%, decreased 34% at Abercrombie, dropped 33% at Hollister Co, and were also down 33% at Ruehl.
Aeropostale, the mall-based specialty retailer of casual and active apparel, reported a 23% jump in total net sales in February. Sales rose to $109.9m from $89.7m. Same store sales increased 11% for the month.
American Apparel Inc, the manufacturer and retailer of branded fashion basics, said its total retail sales increased 17% for the month of February to $24.3m, up from $20.8m last year. Same-store sales fell 9%.
Warm weather boosted sales at value-priced women's wear retailer The Cato Corporation. For the month of February its sales were up 11% to $74.7m from $67.2m, and comparable store sales rose 8% over the prior year.
Specialty fashion retailer Nordstrom saw its sales fall 10.9% to $471m from $529m in February. Same-store sales were down 15.4%. The company operates 196 Nordstrom, Nordstrom Rack, and Jeffrey stores.
Ross Stores delivered "better-than-expected sales in February," with revenues up 7% to $476m from $444m. Comparable store sales grew 1%. Dresses and shoes were the best performing merchandise categories, the company said.
For The Bon-Ton Stores, sales fell 7.8% to $200.2m in February, down from $217.0m in the same month last year. Same-store sales dropped 8.5%. The results were "in line with our expectations" at the company which operates the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's, Younkers and Parisian nameplates.
Department store retailer Macy's reported total sales of $1.576bn for the four week period, down 9.3% from last year's $1.737bn. On a same-store basis, sales were down 8.5% in February. Online sales were up by 16.2%.
Dillard's said its merchandise sales fell 14% in February to $497.7m from $581.6m a year earlier. Sales in comparable stores dropped 13% for the four-week period. Demand for juniors' and children's apparel was "significantly below trend," the company said.
For off-price retailer The TJX Companies, sales were down 2% to $1.22bn from $1.25bn last February - and included the anticipated negative impact of foreign currency exchange rates. Same-store sales were flat with last year.
Saks Incorporated, operator of the Saks Fifth Avenue and Saks Off 5th stores, blamed weakness across all merchandise categories, particularly in women's apparel, for a 26.8% drop in owned sales. These dropped to $166.7m from $227.6m, while comparable store sales were down 26.0% for the month.
Total sales at Kohl's Corporation rose 3.6% percent to $1.006bn in February, up from $971.6m a year earlier. On a comparable store basis, sales fell 1.6%. The company, which operates 1,004 department stores, said regular price sales offset lower levels of clearance sales.
For the four weeks to 28 February, sales at JCPenney Company dropped 7.2% to $1.17bn from $1.27bn in the prior year. Comparable store sales were down 8.8%. Women's apparel performed well according to the operator of 1,101 department stores.
Discounter Wal-Mart Stores, the world's largest retailer, posted a 2.8% rise in total company sales in the four weeks to 27 February, to $30.02bn from $29.19bn last time. Results were helped by an 8.1% rise in Walmart US sales, which helped offset a 10.8% drop in international sales which the company blamed on unfavourable exchange rates. Total US same-store sales excluding fuel were up 5.1%.
For discounter Target Corporation, net retail sales in February were $4.37bn, which is flat with last year. Comparable-store sales declined 4.1%. Target operates 1,699 stores.
Companies: Hot Topic, American Eagle, Wet Seal, Nordstrom, Zumiez, Stage Stores, Destination Maternity, The Buckle, Bakers Footwear, Limited Brands, Victoria’s Secret, The Children’s Place, Stein Mart, Gap Inc, Saks, Aeropostale, American Apparel Inc, The Cato Corporation, Ross Stores, The Bon-Ton Stores, Macy’s, Dillard’s, The TJX, Kohl’s, JCPenney, Wal-Mart, Target Corporation
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