Chains Post Gains in Same-Store Sales



NEW YORK–The major U.S. retail chains registered a generally positive August in terms of their same-store sales.

The largest increases came from the department-store channel. Kohl’s led the way with a pickup of 4.5 percent in same-store sales, followed by Macy’s at 4.3 percent. J.C. Penney finished August with a 0.8 percent increase, while Dillard’s comparable-store number was flat.

Among the discounters, the top performer was Costco, with a 5 percent gain in its U.S. stores (6 percent when factoring in gasoline sales). TJX’s chains posted a 2 percent increase, and Target tacked on 1.8 percent. BJ’s Wholesale Club’s same-store sales rose 1.9 percent (2.4 percent with gas).

Kevin Mansell, Kohl’s chairman, president and chief executive officer, said the retailer’s home department had the best month among all of its businesses in terms of comparable-store sales. Both Terry Lundgren, chairman, president and CEO of Macy’s, and Gregg Steinhafel, Target’s chairman, president and CEO, said their companies enjoyed healthy checkouts in back-to-school and back-to college merchandise.

Posted in News, Retail.

Last updated: September 2, 2010