US: Retailers' June 2007 sales roundup
By just-style.com | 12 July 2007
The following is a general roundup of apparel and shoe chains' June 2007 sales results. The list will be updated as new results become available.
Apparel retailer Dress Barn Inc reported an 8% rise in net sales for June to $139.8m, from $129.7m in the same period last year. Same-store sales increased 2%, with comparable store sales down 1% at Dressbarn stores and up 10% at Maurices.
Women's clothing retailer Christopher & Banks Corporation said its total sales for June increased 6.0% to $45.9m from $43.3m, and were driven by an increased level of promotional activity. June same-store sales rose 3%. As of 30 June, the company operated 803 Christopher & Banks, CJ Banks and Acorn stores compared to 741 stores at the same time last year.
Deb Shops Inc, the retailer of apparel, shoes and accessories for juniors under the DEB and Tops 'N Bottoms names, has posted a 1.9% rise in comparable store sales for the month ended 30 June. Total sales increased 4.1% to $25.9m from $24.8m.
The Children's Place Retail Stores Inc said its sales rose 2% for the five-week period to $155.4m up from $151.7m last year. Consolidated comparable store sales decreased 4% compared to last year's 15% increase. The company operates 876 The Children's Place stores and 328 Disney Stores in North America.
June sales at Chico's FAS Inc increased 4.4% to $159.6m from $152.8m in the same month last year. Comparable store sales at its Chico's, White House | Black Market and Soma Intimates nameplates fell 7.3%.
Aeropostale Inc, the mall-based specialty retailer of casual and active apparel for young women and men, said total net sales for the five weeks to 7 July increased 5.3% to $111.4m, from $105.8m last time. Same store sales for the month increased 0.2%, compared to the corresponding period. The company said it carefully managed its promotions during the month and controlled the level of its clearance inventories.
Total June sales at American Eagle Outfitters Inc were $270.2m, an increase of 15% compared to $235.4m in the same month in 2006. Comparable store sales at its American Eagle Outfitters and Martin + Osa brands increased 8%, compared to an 11% increase for the same period last year. The company said a positive response to the AE brand's offering improved the number of units sold per store.
Hot Topic Inc, the mall-based retailer for young men and women, posted a 1% drop in June sales to $60.9m. Same-stores sales fell 4.0%. The company operates the Hot Topic and Torrid chains.
Total sales at action sports related apparel and footwear retailer Zumiez Inc soared 48.8% in June to $31.5m, up from $21.2m last time. The company's comparable store sales increased 13.7% for the five-week period, versus a comparable store sales increase of 12.4% a year ago.
Increased promotional activity helped sales at United Retail Group rise by 1% to $46.5m for June 2007 from $46.0m last year. Comparable store sales for the month decreased 1% versus a 5% increase for June 2006, while online sales jumped 55%. The large-size women's fashion apparel and footwear retailer conceded that average retail price declined during the month.
Stage Stores Inc reported that its total sales for the five-week June period increased 9.9% to $133.4m from $121.4m (excluding inventory liquidation sales of $12.0m generated last June by the acquired BC Moore stores prior to their conversion to Peebles stores). Comparable store sales increased 1.4% versus an increase of 3.5% last year. One of the company's best performing categories was dresses, which increased 17.6%.
Men's wear retailer JoS A Bank Clothiers posted an 11.5% rise in total net sales for the fiscal month to $53.2m versus $47.7m last year. Comparable store sales gained 0.4%, while direct marketing sales rose 32.9%.
June sales at Mothers Work Inc, the maternity wear retailer, fell 5.4% to $46.9m from $49.6m. The company blamed a 5.4% fall in comparable store sales, which it said was due to a "continued difficult overall economic and retail environment, as well as negative impact from the current popularity of certain styles in the non-maternity women's apparel market, such as trapeze and baby-doll dresses and tops, which can more readily fit a pregnant woman early in her pregnancy than typical non-maternity fashions."
Leather outerwear and apparel retailer Wilsons The Leather Experts Inc said sales fell 5.2% in June to $16.5m, and that comparable store sales decreased 9.4%. The company said it continued to struggle "from a traffic perspective" but that sales volume should rise as new branded products arrive next month.
The Wet Seal Inc, a specialty retailer for young women, posted a 13.5% rise in net sales for June to $54.5m, up from $48.0m in the same month last year. Same-store sales increased 0.7% compared with a 4.0% decrease last June. The company said strong same-store sales at its Wet Seal concept were offset by weaker sales at Arden B, reflecting "an overall soft environment in the women's contemporary fashion segment."
Pacific Sunwear of California Inc said its June sales were $132.9m, a year-on-year increase of 9.1%. Total company same-store sales increased 4.5% during the same period. By concept, PacSun same-store sales increased 5.7% and Demo same-store sales fell 7.5% compared to last year.
The Buckle Inc's net sales for June rose 19.9% to $44.7m from $37.3m. Comparable store net sales, for stores open at least one year, increased 13.3% versus the same month last year. During fiscal June, the company opened two new stores, taking its total to 357.
Cache Inc, the specialty chain of 294 women's apparel stores, posted a 1% rise in same-store sales in June, compared to an increase of 4% in the prior year period, as it moved clearance inventory. Total sales dropped by 0.5% or $0.1m to $22.0m.
Limited Brands Inc, which operates the Victoria's Secret, Bath & Body Works, Limited Stores and La Senza nameplates, reported a 3% rise in comparable store sales for June. Net sales fell 11.8% to $1.205bn, down from $1.078bn last time.
Fashion retailer Nordstrom Inc posted sales of $851.1m, an increase of 2.9% compared to sales of $827.0m in June last year. Same-store sales increased 2.0%. The company's stores include Nordstrom and Faconnable.
Stein Mart Inc's June sales at stores open at least one year fell 2.9%. Total sales for the five weeks ended 7 July fell 4.9% to $127.4m. The company said its best performances were from men's dress clothing and ladies' social occasion/dresses, as well as the recently expanded intimate apparel and special sizes categories.
Slow traffic at women's specialty retailer Ann Taylor led to a 1.4% drop in net sales for June to $232.4m, versus $235.7m last year. By division, sales for Ann Taylor fell 3.6% to $80.6m from $83.7m in June 2006. For Ann Taylor Loft, sales decreased 5.4% to $117.7m from $124.4. Comparable store sales were down 8.4% - with a 3.3% drop at Ann Taylor and a 13.9% slide at Ann Taylor Loft.
Abercrombie & Fitch Reports reported a 21% increase in net sales for June to $293.2m from $243.0m in the same month of 2006. June comparable store sales increased 2%. By division, Abercrombie comparable store sales increased 6%, Hollister Co rose 2%, and Ruehl was flat to last year. Total company direct-to-consumer net sales increased 79% to $16.7m.
June sales at Gap Inc fell 4% to $1.45bn, from $1.51bn year-on-year. The company's comparable store sales for June 2007 were down 5% compared with a 6% decrease in June 2006. By division, same-store sales at Gap North America fell 9%, Banana Republic North America rose 6%, and Old Navy North America dropped 7%. International same-store sales were flat. The company described June as a "transitional month" with brands clearing summer merchandise.
Women's apparel designed Bebe Stores Inc reported a 7.6% rise in June retail sales to $60.9m, versus $56.6m last time. Same store sales for the five weeks to 7 July fell 5.4%.
Value-priced women's fashion apparel retailer The Cato Corporation said its June sales were $82.3m, a 2% rise over last year's $80.6m. Comparable store sales for the five-week period were flat to the prior year. During June, the company opened 12 new stores, taking its total to 1,301 Cato and It's Fashion! stores in 31 states.
Ross Stores Inc reported sales of $545m for the five weeks to 7 July, up 11% over the $490m posted in the same month last year. Same store sales grew 4%, beating the company's expectations and benefiting from solid sell-through of seasonal merchandise. Dresses and Home were the strongest merchandise categories the company said.
Companies: The Children’s Place, Chico’s, American Eagle, Hot Topic, Ann Taylor, Dress Barn, CJ Banks, Deb Shops, Wet Seal, Disney, Aeropostale, Zumiez, United Retail, Stage Stores, Nordstrom, Mothers Work, Wilsons The Leather Experts, Pacific Sunwear, Ann Taylor Loft, The Buckle, Cache Inc, Limited Brands, Victoria’s Secret, Stein Mart, Gap Inc, Cato, Bebe Stores, Ross Stores
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US: Retailers' June 2007 sales roundup