Same-Store Sales Pick Up in June



NEW YORK–The shift of Memorial Day sales to June and a promising performance for Father’s Day helped make last month a positive one for the nation’s major retail chains.

Recovering from lackluster results in May, all of the chains tracked by HFN reported growth in comparable-store sales in June. Leading the way was Macy’s with a strong 6.5 percent pickup, followed by Kohl’s with a gain of 5.2 percent. J.C. Penney posted an increase of 4.5 percent, and Dillard’s same-store sales rose 2 percent.

The discount channel was paced by BJ’s Wholesale Club, whose same-store sales rose 3.2 percent factoring out sales of gasoline. TJX’s combined same-store sales increased 3 percent. Target’s comp-store sales were up 1.7 percent, and Costco’s U.S. same-store sales increased 1 percent—again factoring out gas sales.

Kevin Mansell, chairman, president and chief executive officer of Kohl’s, said the company had expected June to show an improvement over May given the inclusion of Memorial Day checkouts in last month’s total. In its statement on June sales, J.C. Penney said Father’s Day sales helped drive its men’s division to the best merchandise results in June

Posted in News, Retail.

Last updated: July 8, 2010