Thursday, May 16, 2013
Industry News: National
US comparable chain store sales for April posted a modest 3.0% gain as measured on a year-over-year basis by ICSC Research's tally of 15 major retail chain stores. The April pace of sales was the strongest since January’s 4.5% gain. Although the April sales performance was an improvement from the pace of recent months, adverse seasonal weather still dampened the sales pace. Among individual retailers, Gap was up by 7.0%, and L Brands (formerly Limited) rose 2.0%; Costco was up 4.0%, and TJX was up by by 8.0% (Note: TJX will no longer report monthly, and will switch to quarterly sales reports). Rite Aid was down 4.6%, and Walgreens was up by 1.2%. See retail sales results below.