Monday, September 26, 2011
Industry News: National
US comparable-chain-store sales for August rose by 4.6% year-over-year as measured by the ICSC's tally of 26 major retail chains, the same percentage as last month. According to the ICSC, the “stock-up effect” of Hurricane Irene helped some retailers (mergency supplies, food), and hurt others (apparel). Among merchandise categories, Wholesale Clubs saw the strongest rise at 11.1%, followed by Luxury Stores, which rose by 6.6%. Discounters gained 3.3%. Apparel was up 1.2%. Among individual retailers, Gap dropped by 6.0% and Limited gained 11.0%; Costco was up 11.0% and BJs gained 11.5%. Nordstrom and Neiman Marcus gained 6.7%; Target grew by 4.1% and TJX by 1.0%. Macy’s gained 5.0%, Kohls dropped by 1.9%; Rite Aid rose 2.5%. See our more extensive list of retail sales results below.