Tuesday, November 27, 2012
Industry News: National
US chain store comp retail sales for October rose by a modest 5.0% year-over-year as measured by the ICSC's tally of 22 major retail chains. An easier year-over-year comparison in October, combined with underlying momentum and improving economic fundamentals helped sales, while apparel demand was pared by a warmer than normal month and weakened demand for seasonal goods. Hurricane Sandy’s impact was modest for the overall industry. Among merchandise categories, Luxury Stores led with a gain of 9.8%. Wholesale Clubs followed with a 7.0% gain. Department Stores rose 4.9%, Discount Stores were up 3.7% and Apparel was up 3.6%. Drug Stores dropped 4.7%. Among individual retailers, Gap gained 4.0%, and Limited rose 3.0%; Costco was up 7.0%. Nordstrom was up 9.8%; Target grew by 2.4% and TJX by 7.0%. Macy’s gained 4.1%, and Kohl’s rose by 3.3%; Rite Aid was down 1.1%...NCR Corp. will install 10,000 SelfServ Checkout lanes in more than 1,200 US Walmart locations in 2013.