Tuesday, December 18, 2012
Industry News: National
US chain store comp retail sales for October rose by a light 1.7% over last year as measured by the ICSC's tally of 22 major retail chains. According to the ICSC, November performance was impacted by Hurricane Sandy during the first two weeks of the fiscal month; the strong demand from online sales during the final week of the month, which will be booked in December's fiscal month; and the strength of lay-away purchases that will also be booked in December. Among merchandise categories, Wholesale Clubs led with a gain of 6.0%. Apparel followed with a 3.1% gain. Department Stores dropped 2.4%, Discount Stores were flat and Luxury Stores dipped 1.1%. Drug Stores dropped 5.3%. Among individual retailers, Gap gained 3.0%, and Limited rose 5.0%; Costco rose 6.0%. Nordstrom was down 1.1%; Target fell by 1.0% and TJX rose 3.0%. Macy’s dropped 0.7%, and Kohl’s fell by 5.6%; Rite Aid was down 3.0%. See retail sales results on Page 4...In a reported shakeup at Delhaize America, Beth Newlands Campbell has been named to succeed Cathy Green Burns as president of Food Lion. This follows the recent departure of Ron Hodge as CEO of Delhaize America and an effort to revive the Food Lion banner. Roland Smith took over Delhaize America after Hodge's announced retirement. Newlands Campbell had been president of sister chain Hannaford Supermarkets. Brad Wise, who had been Sr. VP of human resources for Delhaize America, was named president of Hannaford and Sweetbay...Staples Inc. president and COO Michael Miles will leave the company effective Feb. 2. to accept a position with investment firm Berkshire Partners.