CIT: James Paterson joins LA office.
AGENDA: Pre-registration and lodging specials for Vegas show, Aug. 17-19.
Details on Industry Insight.
Retailers received some good news in September as consumers opened their wallets during the back-to-school season.
Zumiez reported the strongest results of the teen retailers I reviewed, with same store sales rising 17%. For more details about Zumiez's back-to-school results, click here.
The International Council of Shopping Centers also said luxury was the strongest performing segment (up 6.6%) in its chain store retail index.
"The fact that luxury continued to post a strong performance is not surprising given the recent improvement in high-income household consumer confidence," Michael P. Niemira, chief economist and director of research for ICSC, said in a statement. "This is especially encouraging for the economy and the upcoming holiday-shopping season because the top 20 percent of households by income account for nearly 40 percent of total consumption."
Here’s a roundup of September same store sales results for other industry customers and competitors at the mall:
Editor’s note: PacSun no longer reports monthly same store sales.
Abercrombie & Fitch
Total same store sales: up 13%
Hollister: up 9%
Total same stores sales: up 3%
Total same store sales: up 3%
Total same store sales: down 2.6%
Torrid: down 1.3%
Hot Topic: down 2.9%
Total same store sales: down 0.7%
Wet Seal: up 0.1%
Arden B.: down 5.5%
Total same store sales: down 2%
Gap North America: down 1%
Banana Republic North America: flat
Old Navy North America: down 5%
International: up 3%
Macy’s: up 4.8%, and the company noted the success of Madonna’s Material Girl line.
Nordstrom: up 7.5%
JC Penney: up 5.1%