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June comp store sales report mixed

By Tiffany Montgomery
July 10, 2008 6:21 AM

Retailers same-store sales in June were mixed. Discount and value chains such as Wal-Mart, Target and Costco did better than expected while some higher priced stores such as Nordstrom and some mall-based stores such as Gap, Limited Brands and Wet Seal struggled.


Here's how some retail customers of action sports brands fared. I also posted results from industry competitor Hollister.

 

PacSun

 


Sally Frame KasaksSame-stores sales: up 3 percent driven in part by increased promotions.


Total sales: up 5 percent


Weekly sales: sales were up 10 percent in week one and down 2 percent in weeks four and five.


Strong regions: Texas, Midwest

 


CEO Sally Frame Kasaks, left.


Weak regions: Desert Southwest, California, Florida

 

 

Apparel comps: up 17 percent, accounting for 81 percent of comp store sales


Girls apparel comps: up 30 percent, driven by Bullhead denim, tops, swim and dresses.


Guys apparel comps: up 6 percent, driven by Bullhead denim, shorts and tops


Accessories comps: down high teens


Footwear comps: down high 40s as PacSun exits the business.

 

Zumiez


Same-store sales: down 3.4 percent


Total sales: up 10.2 percent


Rick Brooks

CEO Rick Brooks, left

 


Strong categories: footwear and skate hardgoods


Weak categories: accessories, juniors apparel, men's apparel, boys apparel.


Comps by week: No. 1 - down 3.1 percent; No. 2 - down 1.2 percent; No. 3 - down 5.2 percent; No. 4 - down 3.4 percent; No. 5 - down 4.4 percent.

 

 

Hollister

 


Same-store sales: down 8 percent


Guys comps: up mid-single digits


Girls comps: down low teens


Strong regions companywide: U.S. based tourist stores, international stores, Southwest.


Weak regions: West and Midwest


Strong female categories company-wide: jeans, swim


Weak female categories: graphic T's, knit tops


Strong male categories company-wide: knits, fragrance, shorts, jeans


Weak male categories: graphic T's, swim.

 

Nordstrom

 


NordstromNordstrom said this morning that the "competitive and economic environment remains challenging." The higher level of markdowns at Nordstrom led the upscale department store to lower profit forecasts for the current quarter.


The company said earnings per share will be at the low end or below its previous forecast of 65 to 70 cents.


June same-store sales: down 18.6 percent. A large part of the decline was from the shift of the half-yearly sale from June to May.

 

 

Quarter-to-date same-store sales: down 5.9 percent


Strong regions, May and June combined: South, Midwest, Northwest.


Weak regions: California


Strong categories, May and June: designer goods across all merchandise categories, cosmetics and accessories.

 


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