Wednesday, December 14, 2011
Industry News: National
US comparable chain store retail sales for November rose by 3.2% year-over-year as measured by the ICSC's tally of 21 major retail chains, the slowest pace since March, according to the ICSC. Among merchandise categories, Wholesale Clubs rose by 9.0%, followed by Luxury Stores with a 6.5% gain. Discounters gained 2.3%. Apparel gained 0.8%, Department Stores rose 0.4%, and Drug Stores rose 1.9%. Among individual retailers, Gap dropped by 5.0% and Limited gained 7.0%; Costco was up 9.0%. Nordstrom was up 5.6% and Saks gained 9.3%; Target grew by 1.8% and TJX by 4.0%. Macy’s gained 4.8%, JCPenney dropped 2.0%, and Kohls fell by 6.2%; Rite Aid rose 1.9%.