Wednesday, February 20, 2013
Industry News: National
US chain store comp retail sales for January rose 4.5% year-over-year as measured by the ICSC's tally of 22 major retail chains, the strongest increase since September 2011 (5.5%). Among merchandise categories, Department Stores and Luxury Stores led, each with a substantial gain of 11.4%. Apparel followed with a 6.7% gain. Wholesale Clubs rose 4.0%, Discount Stores were up 3.1%, and Drug Stores were up 2.9%. Among individual retailers, Gap gained 8.0%, and Limited rose 9.0%; Costco was up 4.0%. Nordstrom was up 11.4%; Target gained 3.1%, and TJX rose by 3.0%. Macy’s gained 11.7%, and Kohl’s rose by 13.3%; Rite Aid was up 0.3%, and Walgreens rose 3.7%.