Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.
Retailers reported stronger than expected same store sales numbers for August, a key back-to-school shopping month.
U.S. chain store sales posted a 3.2% year-over-year comp stores gain in August, slightly above expectations, the International Council of Shopping Centers said. For September, the ICSC predicts sales to rise 3%.
Here’s a roundup of how some industry customers and competitors performed in August. Zumiez reported same store sales Wednesday.
Macy’s: up 4.3%
Nordstrom: up 6.3%
Buckle: down 3.5%
Wet Seal: total comps up 1.1%, Wet Seal chain up 1.5%, Arden B., down 1.8%.
Aeropostale: down 1%
Gap: total flat, Gap chain down 1%, Banana Republic up 6%, Old Navy down 2%, International up 5%
Abercrombie & Fitch: total comps up 6%, Hollister up 7%
American Eagle Outfitters: up 1%