US: Retailers' March 2009 sales roundup
The following is a general roundup of US apparel and shoe chains' March 2009 sales results. The list will be updated as new results become available.
JC Penney same-store sales decreased 7.2% for the five-week period ended 4 April 2009, better than the company's guidance for a low-double digit to mid-teen decrease. During the same period last year, same-store sales decreased 12.3%. Total company sales in March decreased 5.4%.
Department store retailer Saks announced that owned sales totalled $209.4m for March compared to $276.2m for the five weeks last year, a 24.2% decrease. Same-store sales decreased 23.6% for the month.
Macy's reported total sales of $1.931bn for the five weeks ended 4 April 2009, a decrease of 9.8% compared with March 2008. On a same-store basis, Macy's sales were down 9.2% in March - consistent with management's expectations.
The world's largest retailer Wal-Mart reported total sales down 1.9% to $36.2bn, and same-store sales up 1.4% not including fuel.
Fellow supermarket chain Target Corporation reported that its net retail sales for the five weeks were $5.5bn, down 2.3% from 2008. On this same basis, March same-store sales declined 6.3%.
Fashion group The TJX Companies reported March 2009 sales of $1.7bn, essentially flat with the $1.7bn achieved during the five-week period ended 5 April 2008 too.
Department store chain Kohl's Corporation said total sales for the five-week month increased 0.5% from the five-week month last year. On a same-store basis, sales decreased 4.3%.
American Apparel reported that for the month of March 2009, sales for stores open for more than twelve months decreased 11% over the year ago period, on a constant currency basis. For the month of March 2008, same-store sales increased 29%. There were 169 stores in the sales comparison for March 2009.
Dillard's reported sales of $490m for March compared to sales for the five weeks ended 5 April 2008 of $621.75m. Total sales decreased 21%, and sales in comparable stores decreased 19% for the five-week period.
The Bon-Ton Stores, which also sells furnishings, announced same-store sales down 11.2% compared with the prior year period. Total sales for the five weeks decreased 10.6% to $245.0m.
Women's wear chain Ross Stores reported that sales increased 8% to $682m for the month, up from $633m for the five weeks 5 ended 2008. Same-store sales for the month grew 3% from the prior year.
Aeropostale, a mall-based specialty retailer of casual and active apparel, said that total net sales for the five-week period increased 13% to $160.5m from $141.8m for the five-weeks last year. The company's same-store sales increased 3% for the month, compared to a same-store sales increase of 3% in the year ago period.
The Cato Corporation reported sales for the five weeks of $84.0m, a 6% decrease from March last year. Same-store sales for the month decreased 6%.
Gap Inc reported net sales of $1.29bn for the five-week period, which represented a 6% decrease compared with 2008. The company's same-store sales for March 2009 were down 8% compared with an 18% decrease in March 2008.
Women's apparel firm Cache reported same-store sales down 20.7%, as compared to an increase of 3.3% in the prior-year period. Total net sales for the thirteen-week period decreased 21.5% to $53.2m compared to last year.
Youth fashion firm The Buckle same-store sales up 14.7% from the five-week period ended 5 April. Net sales for the five-week fiscal month increased 21.5% to $77.3m.
Victoria's Secret operator Limited Brands reported a same-store sales decrease of 9% for the five weeks. The company reported net sales of $646.2m for the five weeks, compared to net sales of $733.2m last year.
Stage Stores reported that its total sales for March decreased 11.5% to $124.9m, as same-store sales decreased 15.0% this year versus a decrease of 10.3% last year.
The Children's Place Retail Stores announced net sales of $156.5m for the five-week period ended 4 April 2009, a 2% decrease compared to March last year. Same-store sales for the fiscal month of March 2009 declined 2% on top of a 4% decline in March 2008.
Companies: JC Penney Company Inc, Saks Incorporated, Wal-Mart Stores Inc, Target Corporation, TJX Companies Inc, Kohl’s Corporation, Dillard’s Inc, Bon-Ton Stores Inc, Ross Stores Inc, Aeropostale Inc, Cato Corporation, Gap Inc, Caché Inc, Buckle Inc, Victoria’s Secret, Limited Brands, Stage Stores Inc, Children’s Place Retail Stores Inc
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