Tuesday, March 19, 2013
Industry News: National
US chain store comp retail sales for February rose 1.7% year-over-year as measured by the ICSC's tally of 22 major retail chains. According to the ICSC, sales were negatively impacted by adverse weather, higher payroll taxes and uncertainty surrounding the federal government’s sequestration. The ICSC is continuing to modify its reporting as more retailers, most recently Kohl’s, Target, and Macy’s, switch to quarterly sales reports. The National Retail Federation's February retail sales report shows sales excluding automobiles, gas stations and restaurants increased 0.7% seasonally adjusted from January and inched up 0.5% unadjusted year-over-year. Among individual retailers, Gap gained 3.0%, and Limited rose 3.0%; Costco was up 6.0%, and TJX rose by 1.0%. Rite Aid was down 3.6%, and Walgreens was down 0.6%. See retail sales results on Page 4...Casual Male Retail Group has changed its corporate name as of Feb. 25 to Destination XL Group, Inc...DSW Inc. launched its new Luxe810 e-commerce site with five pop-up stores promoting the site, selling ready-to-wear women’s and men’s designer shoes, handbags and other accessories, including a 6,200 s/f location at the Mall at Chestnut Hill (MA) and others in New York, San Francisco, Boca Raton and Washington, DC...Several months after buying discount Internet retailer Sierra Trading Post, TJX Cos. plans to use the platform launch limited TJX brands ecommerce websites.