Tuesday, February 24, 2015
Consumers appear to have been feeling a seasonal hangover after what some analysts have called a relatively strong 2014 holiday season. According to the monthly Retail Performance Pulse for January 2015 from RetailNext, store sales and traffic both declined 7.7%. The last week of the month saw relatively stronger performance with upticks in average transaction value and sales per shopper. Among retailers reporting monthly comp-store sales, L Brands was up 7.0%, Gap was down 3.0%, Rite Aid was up 4.8%, and Costco gained 2.0%. See our sales report below.