Thursday, June 21, 2012
Industry News: National
US chain store comp retail sales for May rose by 3.6% year-over-year as measured by the ICSC's tally of 22 major retail chains. May sales were “in line with ICSC's expectation, but continued to be mixed by retailer with those strong performers generally continuing so, and those weak also continuing to be so”. Among merchandise categories, Discount Stores led with a 5.3% gain, followed by Luxury Stores with a rise of 5.0% and Apparel with a rise of 4.6%. Wholesale Clubs were up 4.0%, Department Stores gained 1.7%, and Drug Stores dropped by 3.8%. Among individual retailers, Gap gained 2.0%, and Limited rose 6.0%; Costco was up 4.0%. Nordstrom was up 5.3% and Saks gained 4.0%; Target grew by 4.4% and TJX by 8.0%. Macy’s gained 4.2%, but Kohl’s fell by 4.2%; Rite Aid was up 1.1%, and Walgreens fell 5.8%. See retail sales results on Page 4...PayPal has made deals with Toys R Us, J.C. Penney, Office Depot, American Eagle Outfitters, Abercrombie & Fitch, Rooms To Go, Jos. A. Bank, Aeropostale, Foot Locker, Nine West, Jamba Juice, Guitar Center, TigerDirect, Advance Auto Parts and Barnes & Noble to accept PayPal payments in stores. PayPal has signed agreements with VeriFone Systems and Equinox Payments to get its payment technology onto their networks of checkout terminals. PayPal signed a similar deal with terminal provider Ingenico this year. These agreements give PayPal potential access to almost 40 million payment terminals already installed in stores worldwide.