Chains Report Modest Gains in Same-Store Sales

       

       

NEW YORK–The major U.S. retail chains ground out same-store sales increases, mostly in the low single digits, last month.

The leader of the pack tracked by HFN was Dillard’s, whose sales at comparable stores rose 8 percent last month. Rounding out the rest of the department-store channel, Kohl’s posted a 3.9 percent increase and Macy’s same-store count edged up 2.2 percent. J.C. Penney was the lone retailer among all the chains tracked by HFN to report a comp-sales drop, at 2.6 percent.

Looking at the discounters, Costco’s U.S. same-store sales rose 6 percent (without gasoline sales—9 percent factoring in gas). Target’s same-store sales increased 3.3 percent, and the TJX family of retailers posted a pickup of 3 percent in consolidated comp-store sales.

A report on the retail month from Barclay’s Capital said the October results from the larger chains reflect “a continuation of solid momentum in the group.” Barclay’s noted that October’s weather, which turned colder toward the latter part of the month, provided in boost in encouraging sales of categories such as winter apparel.

Posted in News, Retail.

Last updated: November 3, 2011