Retailers Post Positive June Results in Same-Store Sales



NEW YORK–June saw an acceleration in sales over May for the major U.S. retail chains tracked monthly by HFN.

The department-store channel posted particularly impressive results, led by Kohl’s with a 7.5 percent same-store gain. Macy’s followed with a 6.7 percent increase, and Dillard’s chimed in by recording a 6 percent pickup in comparable-store sales. J.C. Penney’s same-store count was 2 percent higher.

Among the discounters, Costco reported an increase of 8 percent in same-stores sales (factoring out gasoline sales; with gas the warehouse club’s comparable-store sales jumped 12 percent). TJX registered a 5 percent rise among all of its store formats, and Target reported a 4.5 percent increase. BJ’s Wholesale Club’s non-gas same-store sales were up 3.5 percent; with gas, they rose 7.3 percent. Small appliances were among the departments that did particularly well at BJ’s, the company said in a statement.

Summing up June, a note from Goldman Sachs Global Investment Research said some of its key retail indicators had skewed upward in the month. Seasonal apparel sales were aided by the warmer-than-average weather, and gas prices—while still up considerably over June of last year—fell an average of 6 percent across the nation from May levels.

Posted in News, Retail.

Last updated: July 7, 2011