New business info and advice from QCS GRAPHICS, PROCOPIO, SHACC and FSG LAWYERS.
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%