Tuesday, April 24, 2012
Industry News: National
US chain store comp retail sales for March rose by 4.1% year-over-year as measured by the ICSC's tally of 22 major retail chains. An early Easter and continued warm weather were contributing factors. Among merchandise categories, Apparel led with an 8.4% gain, followed by Luxury Stores with a rise of 8.1% and Discount Stores with a rise of 8.0%. Wholesale Clubs were up 6.0%, Department Stores gained 5.9%, and Drug Stores dropped by 4.4%. Among individual retailers, Gap gained 8.0%, and Limited rose 8.0%; Costco was up 6.0%. Nordstrom was up 8.6% and Saks gained 6.3%; Target grew by 7.3% and TJX by 10.0%. Macy’s gained 7.3%, and Kohls rose by 3.6%; Rite Aid was up 3.6%, and Walgreens fell 6.8%. See list of retail sales results below.