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Details on Industry Insight.
Retailers reported better expected results Thursday for March as consumers began shopping more and because of easy comparisons vs. last year and the earlier Easter.
Here’s a roundup of March same stores sales for some industry customers and competitors.
A reminder: PacSun doesn’t report monthly same store sales any more.
Yesterday, we reported Zumiez’s same store sales results.
The Buckle: up 7.2%
Hot Topic: down 7.5%. Company authorized special $1 per share dividend in addition to regular 7 cents dividend.
Wet Seal: up 6.3%
Gap: up 11%, all divisions positive.
Hollister: down 1%
Aeropostalé: up 19%, raised guidance
Nordstrom: up 16.8%, opening at Fashion Island in Newport Beach in April.
Macy’s: up 10.8%, better than expected
Dillard’s: up 9%, junior’s, children’s, shoes strong
JC Penney: up 5.4%, raised guidance
Target: up 10.3%, apparel strong
Kohl’s: up 22.5%, all lines of business and regions positive. Increased traffic drive sales.