US: Retailers' June 2008 sales roundup
The following is a general roundup of US apparel and shoe chains' June 2008 sales results. The list will be updated as new results become available.
Apparel and accessories retailer The Wet Seal reported that sales increased 4.5% to $56.9 for the month of June, with same-store sales falling 2.95% during the period.
The Children's Place Retail Stores announced sales of $123.0m for June, a 23% increase compared to the prior year period. Same-store sales increased 16% for the month.
Youth retailer Pacific Sunwear of California reported that total PacSun sales for the five weeks of fiscal June were $127.2m, an increase of 5% versus the same period last year. PacSun same-store sales increased 3% during the same period.
Victoria's Secret operator Limited Brands posted same-store sales for June down 9% compared to the prior year period. The company reported net sales of $1.022bn for the month, compared to net sales of $1.205bn last year.
Women's fashion retailer The Cato Corporation reported sales of $88.3m for June, a 7% increase over June 2007. Same-store sales for the five-week period increased 4%.
Department store chain Stein Mart said its June sales fell 3.7% to $122.6m, while same-store sales there dropped 7.7%.
American Eagle Outfitters announced that total sales for the month were down 5% to $255.9m. The fashion chain's same-store sales decreased 11%.
Global retailer Gap Inc reported net sales of $1.41bn for the month of June, which is a decrease of 2% as compared with the same month last year. The company's same-store sales fell 7%.
Fashion chain Abercrombie & Fitch reported net sales of $309.7m for the June period, a 6% increase over net sales of $293.2m in the same period last year. June same-store sales decreased 3%.
Aéropostale, a mall-based specialty retailer of casual and active apparel for young women and men, said total net sales for the month increased 22% to $136.0m, from $111.4m in June last year. The company's same-store sales were up 12%.
Specialty retailer Nordstrom reported sales of $731m for June, down 14.1% compared to sales in June 2007. Same-store sales decreased 18.6%.
LA-based American Apparel reported that for the month of June 2008, sales for stores open for more than 12 months rose 16% compared with the year ago period. For the month of June 2007, same-store sales increased 28%.
Fashion apparel seller The Bon-Ton Stores announced that same-store sales for the month of June decreased 6.5%, while total sales were down 6.6% to $261.2m compared to the prior year period.
Regional department store chain Gottschalks said its same-store sales for the month of June decreased 9.5% from the prior year. Total sales for the five-week period fell 9.8% to $51.9m, it added.
Fashion apparel retailer Dillard's saw sales for the five weeks slip to $593.3m, a decrease of 4% in total stores. Same-store sales were down 5% for the month.
Fashion group The TJX Companies said June sales were $1.8bn, up 9% over the $1.7bn in June 2007. Same-store sales for the month increased 5% over last year.
Department store chain Saks Incorporated announced that owned sales totalled $243.8m for June, a 2.6% increase. Same-store sales increased 1.9% for the period.
Retailer Kohl's Corporation reported that sales for the month increased 10.9% over last year. On a same-store basis, sales increased 2.3%.
Department store chain JC Penney Company saw same-store sales decrease 2.4% for the month, bettering the company's guidance for sales to decrease mid-single digits and compared to a 0.7% decrease last year. Total sales in June fell 0.4%.
The world's largest retailer Wal-Mart Stores said that June sales were up 11.5% to $39.9bn, while same-store sales rose 5.8%.
Mall-based women's wear retailer Cache Inc said that for the five-week period ended 28 June, same-store sales increased 6%. Its total net sales for June 2008 increased 6% to $23.3m.
Target Corporation reported that its net retail sales for June increased 6.6% to $5,842m, compared to last year's period. On this same basis, June same-store sales increased 0.4%.
Fashion chain The Buckle said that same-store net sales for June increased 28.9%, while net sales for the month increased 38.6%.
Private brand retailer Chico's reported that its June sales results for the month decreased 5.1% to $151.4m and that same-store sales decreased 12.9% for the period.
Action sports retailer Zumiez Inc announced that total net sales in June increased 10.2% to $34.7m. The company's same-store sales were down 3.4% for the five-week period.
Mall-based Hot Topic posted June sales of $63.2m, up 3.8%. Same-store sales, meanwhile, fell 0.3% during June.
Mothers Work, a maternity apparel retailer, announced that net sales for the month of June 2008 dropped 2.1% to $45.9m and that same-store sales for June 2008 were up 0.8%.
Apparel retailer Stage Stores reported that its total sales for the five week June period ended increased 6.4% to $142.0m, while same-store sales rose 1.2%.
Companies: Pacific Sunwear of California Inc, Wet Seal Inc, Children’s Place Retail Stores Inc, Victoria’s Secret, Limited Brands, Cato Corporation, Stein Mart, American Eagle Outfitters, Gap Inc, Aeropostale Inc, Nordstrom Inc, Bon-Ton Stores Inc, Dillard’s Inc, TJX Companies Inc, Saks Incorporated, Kohl’s Corporation, JC Penney Company Inc, Wal-Mart Stores Inc, Target Corporation, Buckle Inc, Chico’s FAS, Zumiez Inc, Hot Topic Inc, Destination Maternity, Stage Stores Inc
Help test our new apparel sourcing tool.
Specialty clothing retailer Gap Inc has lowered its earnings guidance for the year after same-store sales fell 14% in December and margins were hit by lower prices....
Off-price apparel retailer Syms Corp has swung to a third quarter loss on lower sales at its 32 stores....
The following is a general roundup of US apparel and shoe chains' December 2008 sales results. The list will be updated as new results become available....
Department store giant Macy's Inc today (8 January) revealed plans to close 11 underperforming stores in 10 states and lowered its fourth-quarter earnings forecast after same-store sales fell 7.5% in ...
Discount retailer Stein Mart Inc is cutting jobs and reducing salaries in an attempt to mitigate "continued sales declines and the uncertainty of future business trends."...
Apparel retailer J Crew Group Inc has slashed its fourth quarter and full year earnings outlook on worse than expected sales and margins over the holiday period....
Women's wear retailer Christopher & Banks Corporation has swung to a third quarter loss after being hit by costs of closing its Acorn division and a fall in sales....
- US apparel sector braces for potential cost hikes
- Vietnam grows share of US apparel imports in 2016
- Trade Tracker – Trump's first weeks, Brexit agenda
- Key trade issues facing US textiles and apparel
- Does a hard Brexit mean hard times for UK fashion?
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- US Q4 in brief – VF Corp, Kate Spade, Rocky Brands
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar