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Archive for the ‘Market Statistics’ Category

Same store sales – a key indicator of retailer performance measuring sales of stores opened more than one year – were up 2.5% in April compared to the same month last year.  The positive performance in April did not boost market analysts’ optimism since Easter fell in March this year which affects comparison. The retail market is still under pressure given the high gasoline prices and the struggling housing market.

The consistent winners continue to be discounter stores – Costco with gains of 5% and Wal-Mart 3.2% after excluding fuel sales. Among department stores, the surprise was Saks which reported a 24% increase in same store sales (totaling a 8.4% growth in same store sales in the first quarter).

In the specialty apparel segment, Gap Inc reported a decline of 6% driven by low performance in its international business and Old Navy brand; and Chico’s a drop of 15%. Aeropostale Inc continues to outperform with same store sales growth of 25%. Abercrombie & Fitch also reported sales gains of 6%.  

  

 

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