Tuesday, October 18, 2011
Industry News: National
US comparable chain store retail sales for September rose by 5.5% year-over-year as measured by the ICSC's tally of 26 major retail chains, the strongest showing since June, according to the ICSC. Among merchandise categories, Luxury Stores continued to rise, with a 10.4% gain, followed by Wholesale Clubs, which rose by 8.0%. Discounters gained 4.9%. Apparel was up 2.3%, Department Stores rose 3.9%, and Drug Stores rose 2.6%. Among individual retailers, Gap dropped by 4.0% and Limited gained 11.0%; Costco was up 12.0%. Nordstrom was up 10.7%; Target grew by 5.3% and TJX by 4.0%. Macy’s gained 4.9%, Kohls rose by 4.1%; Rite Aid rose 1.3% and Walgreens by 3.1%. See our more extensive list of retail sales below.