US: Retailers' January 2010 sales roundup
The following is a general roundup of US apparel and shoe chains' January 2010 sales results. The list will be updated as new results become available.
January sales at action sportswear retailerretailer Zumiez Inc rose 9.2% to $22.1m, up from $20.3m a year earlier. Same-store sales were up 1.8% the company said today (4 February), compared with a drop of 14.8% last time.
At Hot Topic Inc, sales fell 11.2% to $39.8m from a year ago. Same-store sales fell 13.1%, with a 5.7% rise at its Torrid stores offset by a fall of 17.4% at the Hot Topic chain.
For the four weeks to 30 January, Stage Stores Inc saw its total sales fall 10.2% to $67m from $75m. Comparable store sales dropped 11.3%. Andy Hall, president and CEO, said sales were hit by "lower clearance inventory and inclement weather."
Maternity wear retailer Destination Maternity posted a 1.1% fall in sales to $38.4m from $38.8m a year earlier. Comparable store sales in January were down 8.1%. The company described the results as "weaker than originally planned," but said they reflected the difficult retail environment, fewer markdowns and strong comparisons with last January.
Teen clothing retailer The Wet Seal Inc said total revenue fell 2.5% to $30.9m in the four weeks to 30 January, with revenues at its Wet Seal stores down 3.9% and $5.1m at Arden B. Sales at stores open at least one year were down 3.7%.
Another teen clothier, The Buckle Inc, reported a 4.4% rise in January net sales to $50.2m, from $48.0m last time. Comparable store sales, however, fell 1.2% on a year ago. The retailer operates 401 stores.
January sales soared 18% at The Children's Place Retail Stores Inc, climbing to $95.1m from $80.3m a year earlier. Same-store sales, which include online sales, rose 12%, with growth of 12% in the US and 1% in Canada, while online sales increased 34%.
Victoria's Secret, Pink, La Senza and Henri Bendel operator Limited Brands reported net sales of $622.6m for the four weeks to 30 January, up from $591.6m last year. Same-store sales increased of 6% during the period.
Stein Mart Inc said its total sales declined 4.9% to $63.8m in January, while same-store sales fell 2.5%. Ladies' casual sportswear, ladies' boutique, and intimate apparel saw positive growth, while the most difficult business continued to be ladies' career fashion, the company said. It added that tight control of inventories meant there was less clearance merchandise this January.
Retail sales at The Gymboree Corporation rose 4% to $295.7m, up from $284.8m last January. Comparable store sales fell 2%, the company said today.
American Eagle Outfitters Inc saw its total sales soar 18% to $163.5m, beating last year's $138.9m. Sales at stores open at least a year increased 10% for the month, compared with a drop of 22% a year ago.
Abercrombie & Fitch also posted a double-digit sales hike, with total revenues up 16% to $222.8m for the four weeks to 30 January. This compared with sales of $191.5m a year earlier. Same-store sales for the month were up 8%.
Net sales for January rose 5% to $798m Gap Inc, while January sales at stores open at least one year rose 5%. Comparable store sales were up 2% at Gap North America, rose 4% at Banana Republic North America, and jumped 10% at Old Navy North America. Sales at its International unit grew 3%.
Winter storms hit January sales at The Cato Corporation, pushing revenues down 1% to $52.1m. Same-store sales at the value-priced women's wear retailer fell 4% from the prior year.
Nordstrom Inc saw its total retail sales rise 15.8% to $543m in January, up from $468m a year earlier. Same-store sales were up 14%.
Revenues increased 13% at Ross Stores Inc, rising to $411m in the four weeks to 30 January from $365m a year ago. Same store sales grew 8%.
A "record" January is how Aeropostale Inc describes its sales performance, posting a 15% rise in total sales to $111.2m from $96.5m last year. Same store sales increased 6% for the month. The company added that its gross margins for the month were higher than last year, and that its inventories remain well controlled and on plan.
A new corporate structure and My Macy's localisation drive fuelled growth at department store retailer Macy's Inc, where total sales rose 3.4% to $1.255bn, up from $1.213bn last January. On a same-store basis, Macy's sales were also up 3.4%. Online sales at macys.com and bloomingdales.com combined were up 23.9%.
Sales at The Bon-Ton Stores Inc increased 4.7% to $180.1m for the four weeks, compared with $172.0m a year ago. And sales at stores open a year or more rose 5.3%. Best performing businesses were moderate missy, petites and large-size sportswear, intimate apparel, children's and juniors, while men's was among the weakest.
Dillard Department Stores Inc said Thursday that its January sales fell 6% to $353.9m. Same-store sales for the month fell 5%, the firm said.
A focus on value helped off-price retailer The TJX Companies Inc to a 20% jump in sales for the four weeks to 30 January, rising to $1.3bn from $1.0bn a year ago. Same-store sales were up 12% versus a 4% drop last time. The company said: "Customer traffic continued to accelerate... and all of our divisions and growth vehicles are performing well."
Owned sales at retailer Saks Incorporated were $158.9m in January, 8% higher than last year's $147.1m. Comparable store sales increased 7.0% for the month. The strongest categories at Saks Fifth Avenue stores were women's designer and "gold range" apparel, women's shoes, handbags, fashion jewellery, men's apparel, and men's shoes.
Kohl's Corporation also posted a January sales hike, with total sales up 10.7% to $798m from $720m the year before. Same-store sales increased 6.5%. Footwear and womens reported the strongest comparable store sales increases, the retailer said.
At Target Corporation net January retail sales were $4,289m, a rise of 3.6% on last year's $4,138m. Same-store sales increased 0.5%, but were in line with our expectations after lower clearance sales held back year-on-year growth.
Companies: Hot Topic Inc, Wet Seal Inc, Zumiez Inc, Stage Stores Inc, Destination Maternity, Buckle Inc, Children’s Place Retail Stores Inc, Victoria’s Secret, Limited Brands, Stein Mart, Gymboree Corporation, American Eagle Outfitters, Gap Inc, Cato Corporation, Nordstrom Inc, Ross Stores Inc, Aeropostale Inc, Bon-Ton Stores Inc, Saks Incorporated, TJX Companies Inc, Kohl’s Corporation, Target Corporation
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