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Details on Industry Insight.


Tiffany Montgomery
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Shoppers emerge from deep sleep

By Tiffany Montgomery
April 08, 2010 6:58 AM

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.

Mall chains

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

Department stores

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

Big Box

Target: up 10.3%, apparel strong

Kohl’s: up 22.5%, all lines of business and regions positive. Increased traffic drive sales.

 

 


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