Thursday, February 16, 2012
Industry News: National
US comparable chain store retail sales for January rose by 4.8% year-over-year as measured by the ICSC's tally of 20 major retail chains. For the just-completed fiscal year, comparable chain store retail sales grew by 4.7%. Among merchandise categories, Wholesale Clubs led with an 8.0% gain, followed by Luxury Stores with a rise of 6.2%. Discount Stores rose by 4.9%, Department Stores gained 2.2%, Apparel gained 2.7%, and Drug Stores rose 2.2%. Among individual retailers, Gap dropped by 3.5% but Limited gained 10.1%; Costco was up 10.5%. Nordstrom was up 7.0% and Saks gained 10.2%; Target grew by 3.4% and TJX by 3.8%. Macy’s gained 5.2%, and Kohls rose by 1.1%; Rite Aid rose 1.7%.