Same-Store Sales Edge Up in September

The TJX Cos. had a same-store sales increase of 6 percent.

The TJX Cos. had a same-store sales increase of 6 percent.

NEW YORK-The back-to-school season ended last month with the major U.S. retailers tracked by HFN posting mostly modest increases in same-store sales.

Leading the way was The TJX Cos. with a same-store sales increase of 6 percent, followed by Ross Stores and Costco, each with 5 percent increases. Macy’s chimed in with an increase of 2.5 percent, and Target’s comp-store increase finished the month at 2.1 percent. Kohl’s was the only downer among the retailers with a decline of 2.7 percent.

Carol Meyrowitz, CEO of TJX, said the company’s 6 percent gain was well above its expectations, and was driven by customer traffic in all of the company’s divisions, in particular TJX Europe, which posted a 13 percent gain.

Terry Lundgren, chairman, president and CEO of Macy’s, said the company’s August-September period gave results “consistent with our positive year-to-date trend. We continue to feel good about the remainder of our fall season as we begin to ramp up receipts of fresh inventory for the cooler weather ahead.”

Posted in News, Retail.

Last updated: October 4, 2012