Thursday, May 19, 2011

Industry News: National

April same-store sales for the ICSC’s index of major retailers rose by 8.5%. The ICSC estimates the late date of Easter, resulting  in a longer buying period, especially for apparel, was the major factor in the gain. By segment, gains ran as follows: Apparel (11.9%), Wholesale Clubs (11.6), Discount (10.9%), Department Stores (8.9%), Luxury (7.4%), and Drugstores (2.7%). Among individual retailers, Gap rose 8.0% and Limited gained 20.0%; Costco was up 12.0% and BJs gained 8.5%. Target grew by 13.1% and TJX by 5.0%. Macy’s gained  10.8%, and Kohls rose 10.2%; Nordstrom and Neiman Marcus gained 7.6% and 8.3% respectively; and Walgreens and Rite Aid rose 3.4% and 0.5% respectively. See our more extensive list of retail sales results on Page 4...McDonald's is undertaking its biggest store makeover in the chain's history. McDonald's and its franchisees hope the vast majority of America's 14,000 McDonald's will be remodeled by 2015, at a cost of $1 billion-plus.

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