New York—Thanks to the blizzard named Jonas, lower foot traffic and the fact it’s really a transitional time of the retail year, January comparable store sales missed estimates “by a wide margin.” According to Ken Perkins, president of Retail Metrics, comp store sales were down 0.9% from a year ago, …
Report: December Comp Store Sales Better Than Expected
New York—December sales may have been better than some had predicted. Sales reports from the dozen or so retailers that still release monthly sales figures finds December comp store increased 0.9% ahead of the estimated 0.5% increase, Retail Metrics reported today. Excluded from the tally was Gap Inc. which is …
Faced with Tough Comparisons, November Comp Stores Sales Flat
New York—While shoppers looked for doorbuster deals, a look at the November comparable store sales finds somewhat of an improvement over a year ago. Retail Metrics reported Thursday that November comparable store sales were basically flat, beating its own estimate for a 1.1% decline. In October retail same-store sales slipped …
Last Minute Back-to-School Surge Helps September Comps Edge Past Estimates
New York—The strong finish for back-to-school sales help make September comparable store sales edge past analysts’ estimates. Comp store sales rose 0.8% from a year earlier, said Ken Perkins, president of Retail Metrics. Analysts had expected a decline of 0.2%. It marked the third beat out of the nine months …
August Retail Comp Store Sales Slip
New York—The month of August may have been hot temperature-wise but retail sales felt a chill. The last dozen or so retailers who still report monthly sales and comp sales figures reported mixed results today. Since August is a key month for back to school sales, analysts say it could …
June Comp Sales Fail to Meet Estimates for Increases
New York—Neither Dads nor grads could help bolster June retail sales. Looking at a tally of the remaining 11 retailers who still post monthly sales reports, June comparable store sales missed—falling 0.2% from a year ago and a 0.6% increase in May and a 0.9% decline in April, according to …
Earlier Pre-Easter Selling Boosted Comps at Stein Mart, L Brands, Cato, Zumiez
Earlier pre-Easter selling contributed to increased sales at fashion retailing compared to last year according to certain March 2015 comps: L Brands, Inc., parent company to Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, reported net sales increased 6% to $981.2 million for the five weeks …
January Comp Store Sales Miss Estimate, but “Decent” Anyway
New York—Without the threats of a polar vortex to spoil shopping, retailers reported “decent” sales gains in January. Analysts had expected January comparable store sales to rise 3.1%. Instead they were up a “not-so-hot” gain of 2.8%, according to Retail Metrics. While a slowing improving economy, lower unemployment and gas …
Lower Gas Prices Result in Higher December Comp Sales, Experts Say
New York—Lower gas prices, improved consumer confidence and plenty of promotions helped U.S. retailers see stronger sales in December, adding “holiday cheer.” Of the remaining dozen or so retailers who continue to release monthly sales stats, December comparable store gains are projected to grow 3.8% over December 2013 when comp …
November Retail Sales Comps Beat Estimate
New York—November comparable store may actually have not only beat economists’ estimates, but also surprised some retailers. In its report released Thursday, Retail Metrics, a research firm, said comp store sales at reporting retailers (except drugstores) grew 5.2% in November, ahead of the 3% gain analysts expected. “November was OK—certainly …
October Retail Comps Lackluster Due to “Uninspiring Fashion”?
New York—Few retailers have been reporting their monthly sales figures but still there’s some interim value in them. Hence, of the dozen or so stores still reporting today, October comparable store sales showed a gain of 3.8%. That’s compared to a 4% increase in October 2013. According to Retail Metrics, …
September Comp Sales Rise “Modestly”
New York—With some last minute back to school/college sales to their credit, retailers today reported a modest increase in their September comparable store sales. While traditionally September is somewhat of a breather between peak back to school sales and the start of the Christmas shopping season. As of press time, …
Back to School Lifts August Comp Sales
New York—Retailers earned a shiny red apple in August as back to school spending helped lift sales. According to Ken Perkins, president of Retail Metrics, August comparable store sales rose 5%, beating the 4.2% increase that analysts had expected. Of the retailers who still report monthly sales, Costco, L Brands, …
July, a “Transitional Month,” Posts Sluggish Comp Sales
New York—About six months ago, harsh winter weather stymied retail sales. But now it seems that warmer weather may be in factor in the sluggish monthly retail sales reported today. While the month marks the start of the crucial back to school season, it traditionally is a slower time at …
Retail Comp Sales in June Once Again Beat Forecasts
New York—Retailers sailed past estimates for their June comparable store sales results as better weather and lower unemployment helped consumers open their wallets. According to Retail Metrics, a research firm, comparable store sales last month rose 5.7% from a year earlier. Retailers sailed past analysts’ forecasts for a 4.9% gain, …
Discounts Help Boost May Comp Sales Ahead of Estimates
Discounts Help Boost May Comp Sales Ahead of Estimates New York—May comparable store sales beat estimates as consumers shopped for their mothers and took advantage of a plethora of promotions. While most of the major retailers that still report monthly sales were modest, totals exceeded estimates. The improvement in business …
April Retail Comp Sales Jump Past Estimates
New York—After being foiled by winter storms and bad weather and a later Easter, retailers today reported a comparable store sales gain their biggest one-month increase since September 2011. According to Retail Metrics, a research firm, April comparable store sales were up 6% ahead of its 3.9% increase estimate. ‘Improving …
March Comps Softer Thanks to Easter Shift to April
New York—With the harshest of winter subsiding last month, it still look a flurry of discount promotions to lure shoppers into retail stores. The result? Comparable store sales improved but were only fair to middling since the shift of Easter into April hurt March comps this year. But April comps …
February Comp Sales Actually Fare Better Than Expected
New York—There’s no need to remind most of the Northern half of the United States what kind of impact February’s weather must have had at retail. A look at the remaining retailers who post monthly sales results shows that colder-than-normal temperatures and snow/ice storms took their toll on sales…until things …
L Brands Q4 Profit Beats Despite Sales Drop, Cautious Ahead
Columbus, OH—Despite a sales decline, L Brands Inc. reported Wednesday that its fourth quarter profit actually rose beating expectations. But the parent to Victoria’s Secret gave a tepid forecast. For the quarter ended Feb. 1, L Brands posted net profit of $489.6 million, or $1.65 a share, from $411.4 million, …
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