US: Retailers' January 2008 sales roundup
The following is a general roundup of apparel and shoe chains' January 2008 sales results. The list will be updated as new results become available.
US general retailer Wal-Mart Stores reported that same-store sales during January increased approximately 2%, but fell below expectations. Sales at Wal-Mart's operations in the UK, Canada, Brazil and China were strong during the January period, the company said.
Teen retailer Aéropostale said its January sales decreased 13.8% to $78.0m, from $90.4m for the five-week period last year. Same-store sales for the month were up 4.7%, compared to the corresponding period last year.
Gap Inc reported net sales of $932m for the four-week January period, compared to $1.19bn in the same month last year. But the company's same-store sales for January dropped by 2%, compared with flat comparable store sales for January 2007.
Fashion chain Abercrombie & Fitch posted net sales of $219.7m for the four-week period, down from last year's $252.3m. January same-store sales were flat for the month, compared to the four-week period ended 3 February, the company added.
Women's wear retailer AnnTaylor Stores Corporation posted a 14.7% drop in its sales for January, to $127.9m from $149.9m for the same period last year. Same-store sales for the four-week period were flat compared to the four-week period last year, as expected.
Children's merchandiser The Children's Place Retail Stores reported sales of $121.7m for the four-week period of January versus sales of $127.4m for the prior year. Same-store sales for the month increased 6% versus the corresponding four-week period last year.
Young women's retailer The Wet Seal said net sales for January were $36.8m, compared to $43.9m the year before. Same-store sales declined 5.7% for the month, compared to January 2007, within the range of earlier guidance.
Total January sales at Stage Stores fell to $82.1m from $99.5m during the same month last year. Same-store sales for the month increased 1.0%, the company added.
Maternity wear retailer Mothers Work said net sales for January dropped 5.2% to $38.7m from $40.8m. Same-store sales decreased 2.1%, based on 1,405 locations, versus a same-store sales decrease of 6.0% based on 1,464 locations in January 2007.
Macy's reported total sales of $1.275bn for the month, versus $1.782bn in the comparable period last year. The department store chain's same-store sales were down 7.1%.
Mall-based youth apparel retailer Hot Topic announced that January net sales fell 23.7% to $41.2m. Same-store sales were down 3.6%.
Casual fashion chain American Eagle Outfitters said its sales for the four weeks to 2 February were $163.9m, compared with $207.1m for the five weeks to 3 February last year. Its January same-store sales were down 7%, compared to a 12% increase for the same period last year. AE said that store traffic continued to decline against last year.
Active apparel chain Zumiez posted a 1.7% rise in same-store sales, versus an increase of 12.4% the year before. Total net sales for the four-week period increased 16.3% to $20.7m, compared to $17.8m in the prior year's January.
Men's formalwear operator JoS A Bank Clothiers said that comparing the four weeks of fiscal January 2007 with the five weeks of fiscal January 2006, total net sales decreased 17.1% to $34.3m. However, comparing the four weeks of fiscal January 2007 with the first four weeks of fiscal January 2006, same-store sales decreased 1.2%.
Off-price retailer Ross Stores reported January sales of $350m, a 9% increase over the $322m in sales during last year's period. Same-store sales for the four weeks increased 1% over the four weeks.
Branded clothing chain Chico's FAS said sales results for the four-week period ended 2 February 2008 decreased 25.0% to $94.1m from $125.4m last year. Same-store sales dropped 22.1% for the month, versus the same four-week period last year.
Fashion retailer Nordstrom posted preliminary sales of $486.3m for the four-week period, against sales of $610.1m in last year's period. Same-store sales fell 6.6%.
Value-priced women's wear chain The Cato Corporation reported sales of $56.4m for the four weeks ended 2 February, from $69.3m during the previous January - a decrease of 19%. On a same-store basis, sales fell 2%.
Companies: Wal-Mart Stores Inc, Aeropostale Inc, Gap Inc, AnnTaylor Stores, Children’s Place Retail Stores Inc, Wet Seal Inc, Stage Stores Inc, Destination Maternity, Macy’s Inc, Hot Topic Inc, American Eagle Outfitters, Zumiez Inc, Jos A Bank Clothiers Inc, Ross Stores Inc, Chico’s FAS, Nordstrom Inc, Cato Corporation, Victoria’s Secret, Limited Brands
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