SECTOR MONTHLY SAME STORE SALES
 

COMPARABLE STORE SALES AUGUST 2005


Welcome to the new Global Credit Services "Interactive Graph Interface". This new graph enables the user to plot a company's performance against the best and worst performers in retail over the last two years. The Best of Breed may be a different company each month from those retailers who report monthly comparable store sales. This Interactive Graphing product allows the user to click on any company in the report and that company's results gets charted against the best and worst performers over this time period.

Industry Credit
Rating		 Company YTD Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       



Companies Ranked by Industry

Credit
Rating		 Apparel Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
C  WET SEAL INC  48.30  -14.80  45.40  39.50  15
A-  ABERCROMBIE & FITCH CO  24.00  -5.00  287.40  212.10  36
D+  VANITY SHOPS OF GRAND FORKS INC  23.69    10.83    0
A-  BEBE STORES INC  16.90  9.20  39.20  31.00  26
NR  DRESS BARN  15.00    0.00    0
A-  CHICOS FAS INC  14.00  3.60  101.50  76.90  32
B-  ROSS STORES INC  13.00  -8.00  388.00  312.00  24
B+  JOS A BANK CLOTHIERS INC /DE/  12.90  6.40  28.30  21.80  30
A  AMERICAN EAGLE OUTFITTERS INC  11.80  23.90  236.90  208.40  14
B-  CACHE INC  11.00  0.01  17.00  14.40  18
B  DRESS BARN INC  11.00  0.01  95.30  51.60  85
NR  CATHERINES INC/CHARMING SHOPPES  11.00  -3.00  0.00  0.00  0
B  CLAIRES STORES INC  10.00  7.00  110.72  98.99  12
B+  MENS WEARHOUSE INC,THE  8.50  9.00  108.80  96.50  13
C-  UNITED RETAIL GROUP INC/DE  8.00  -2.00  25.80  24.10  7
NR  MAURICES INC/AMERICAN RETAIL GROUP  6.00    0.00    0
B-  BURLINGTON COAT FACTORY WAREHOUSE CORP  5.60  3.50  0.00  0.00  0
C-  STEIN MART INC  5.30  2.40  98.10  91.60  7
A-  DEB SHOPS INC  4.70  -2.40  31.70  29.90  6
C-  CHARMING SHOPPES INC  4.00  -2.00  201.50  164.80  22
C  CHILDRENS PLACE RETAIL STORES  4.00  21.00  126.20  86.50  46
NR  FASHION BUG  4.00  -6.00  0.00  0.00  0
B-  ANNTAYLOR STORES CORP  3.70  -4.50  134.10  115.31  16
NR  LIMITED STORES INC ,THE/LIMITED BRANDS  3.00  -16.00  0.00  0.00  0
C+  PACIFIC SUNWEAR OF CALIFORNIA INC  2.60  3.70  175.70  155.20  13
D-  TALBOTS INC  2.30  -4.60  93.10  86.80  7
F+  FILENES BASEMENT CORP/RETAIL VENTURES INC  2.20  1.60  28.39  26.97  5
B+  CATO CORP  2.00  0.01  54.90  51.70  6
C+  TJX COMPANIES INC  2.00  4.00  1200.00  1100.00  9
C  S & K FAMOUS BRANDS INC  1.40  -3.80  11.10  11.00  1
B+  AEROPOSTALE INC  1.30  6.20  136.50  112.10  22
B+  CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS  1.00  -4.00  33.60  29.80  13
C  GOODYS FAMILY CLOTHING INC  -0.30  3.50  98.70  94.10  5
E+  MOTHERS WORK INC / MOTHERHOOD MATERNITY  -0.50  -13.00  45.80  39.00  17
B+  GYMBOREE CORP  -1.00  -3.00  44.10  44.80  -2
NR  VICTORIAS SECRET STORES INC/LIMITED BRANDS  -2.00  8.00  0.00  0.00  0
C+  LIMITED BRANDS INC  -3.00  -2.00  575.30  577.80  -0
C  FREDS INC  -3.80  3.40  111.10  105.70  5
A  BUCKLE INC,THE  -3.90  6.70  54.20  54.50  -1
NR  BANANA REPUBLIC INC/THE GAP INC  -6.00  0.01  0.00  0.00  0
NR  GAP INC  -7.00  0.01  0.00  0.00  0
C+  HOT TOPIC INC  -7.10  -8.70  70.70  66.60  6
E  WILSONS THE LEATHER EXPERTS INC  -7.90  9.00  19.10  21.10  -9
NR  EXPRESS INC/LIMITED BRANDS  -9.00  -18.00  0.00  0.00  0
B  GAP INC,THE  -9.00  -1.00  1170.00  1230.00  -5
NR  OLD NAVY/THE GAP INC  -11.00  -1.00  0.00  0.00  0

Credit
Rating		 Consumer Electronics Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
F  SHARPER IMAGE CORP  -14.00  -6.00  36.60  43.30  -15

Credit
Rating		 Dept Stores & Catalogs Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
C-  NEIMAN MARCUS INC  8.20  14.70  255.00  240.00  6
B-  NORDSTROM INC  8.00  7.20  472.90  431.70  10
A-  KOHLS CORP  4.60  -0.70  1007.50  881.60  14
B-  JC PENNEY CO INC  2.80  3.80  1570.00  1540.00  2
D  DILLARDS INC-HQ  2.00  -5.00  566.08  553.34  2
NR  LANE BRYANT INC  2.00  4.00  0.00  0.00  0
B-  STAGE STORES INC  1.50  8.10  111.20  105.70  5
C-  MACYS INC (FKA FEDERATED DPT STORES)  1.10  -2.40  1069.00  1047.00  2
E  GOTTSCHALKS INC  0.40  0.10  49.60  47.29  5
C-  SAKS INC/FKA PROFFITTS INC  -0.30  1.70  358.40  413.50  -13
D  GORDMANS INC  -1.10  -2.70  0.00  0.00  0
E+  BON TON STORES INC  -1.20  -4.60  85.10  86.20  -1
NR  MAY DEPT STORES CO INC/ SEE FEDERATED DEPT STORES  -2.80  -6.70  1027.00  1053.90  -3
NR  VALUE CITY DEPARTMENT STORE  -3.20  -7.60  110.31  114.29  -3
NR  SHOPKO STORES  -10.10  -0.20  175.50  194.10  -10

Credit
Rating		 Drug Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
B  WALGREEN COMPANY INC  7.00  9.70  3564.20  3202.85  11
B-  CVS/CAREMARK CORPORATION  6.20  5.20  2800.00  2590.00  8
C-  JEAN COUTU GROUP (PJC) INC  -0.80    0.00    0

Credit
Rating		 Footwear Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
B-  COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE  6.10  -6.90  218.80  218.00  0
C-  SHOE CARNIVAL INC  2.40  1.50  81.80  76.20  7

Credit
Rating		 Home Furnishings Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
E-  BOMBAY COMPANY INC CASE NUMBER 07-44084  11.00  -19.00  39.50  35.40  12
E  PIER 1 IMPORTS INC  -12.40  -2.80  128.74  140.42  -8

Credit
Rating		 Mass Merchandisers-Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
B-  PRICESMART INC  18.60  6.70  52.30  49.90  5
B-  COSTCO WHOLESALE CORP  9.00  3.00  4090.00  3650.00  12
D  DUCKWALL ALCO STORES INC  7.40  -2.70  31.30  30.50  3
NR  SAMS CLUB  6.60  2.70  3003.00  2756.00  9
B-  TARGET CORP  6.30  1.80  3862.00  3442.00  12
C+  BJS WHOLESALE CLUB  5.60  4.50  598.00  534.00  12
B-  WAL MART STORES INC  3.30  0.50  23326.00  21199.00  10
C-  COST U LESS INC  2.30  12.90  16.20  16.10  1
B-  FAMILY DOLLAR STORES INC  1.80  -0.10  444.20  406.10  9
D  DOLLAR GENERAL CORP  0.90  2.80  624.00  570.70  9
B  BIG LOTS INC /FKA CONSOLIDATED STORES INC  0.60  -2.00  305.50  289.20  6
E+  RETAIL VENTURES INC/ FKA VALUE CITY DEPARTMENT STORES IN  -1.70  -4.00  216.39  209.40  3
NR  PAMIDA HOLDINGS CORP  -6.60  -0.20  57.20  60.70  -6
E  SKO GROUP HOLDINGS CORP F/K/A/SHOPKO STORES INC  -9.30  -0.20  232.70  254.80  -9

Credit
Rating		 Other Retail Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
D-  FACTORY CARD & PARTY OUTLET CORP NOW PART OF AMSCAN HOLDINGS  -0.30  -0.60  14.70  14.50  1

Credit
Rating		 Specialty Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Aug Prior Year Aug Prior Year
NR  BATH & BODY WORKS/LIMITED BRANDS  1.00  8.00  0.00  0.00  0
D+  JO ANN STORES INC  -2.40  -2.90  123.50  120.50  2
E  HANCOCK FABRICS INC CASE NUMBER 07-10353  -6.30  0.20  29.30  30.70  -5



Performance Insight


Top 10 Retail Performers

Industry Credit
Rating		 Company Comp %
APP    C WET SEAL INC 48.3 
APP    A- ABERCROMBIE & FITCH CO 24.0 
APP    D+ VANITY SHOPS OF GRAND FORKS INC 23.7 
MM    B- PRICESMART INC 18.6 
APP    A- BEBE STORES INC 16.9 
APP    NR DRESS BARN 15.0 
APP    A- CHICOS FAS INC 14.0 
APP    B- ROSS STORES INC 13.0 
APP    B+ JOS A BANK CLOTHIERS INC /DE/ 12.9 
APP    A AMERICAN EAGLE OUTFITTERS INC 11.8 


Rising Stars - Most Improved

Industry Credit
Rating		 Company TY LY
APP    C WET SEAL INC 48.3 - 14.8
HF    E- BOMBAY COMPANY INC CASE NUMBER 07-44084 11.0 - 19.0
APP    A- ABERCROMBIE & FITCH CO 24.0 - 5.0
APP    B- ROSS STORES INC 13.0 - 8.0
APP    NR LIMITED STORES INC ,THE/LIMITED BRANDS 3.0 - 16.0
APP    NR CATHERINES INC/CHARMING SHOPPES 11.0 - 3.0
FW    B- COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE 6.1 - 6.9
APP    E+ MOTHERS WORK INC / MOTHERHOOD MATERNITY - 0.5 - 13.0
MM    B- PRICESMART INC 18.6 6.7
APP    B- CACHE INC 11.0 0.0


Bottom 10 Retail Performers

Industry Credit
Rating		 Company Comp %
CE    F SHARPER IMAGE CORP - 14.0 
HF    E PIER 1 IMPORTS INC - 12.4 
APP    NR OLD NAVY/THE GAP INC - 11.0 
DEP    NR SHOPKO STORES - 10.1 
MM    E SKO GROUP HOLDINGS CORP F/K/A/SHOPKO STORES INC - 9.3 
APP    B GAP INC,THE - 9.0 
APP    NR EXPRESS INC/LIMITED BRANDS - 9.0 
APP    E WILSONS THE LEATHER EXPERTS INC - 7.9 
APP    C+ HOT TOPIC INC - 7.1 
APP    NR GAP INC - 7.0 


Falling Stars - Sharpest Decline

Industry Credit
Rating		 Company TY LY
APP    C CHILDRENS PLACE RETAIL STORES 4.0 21.0
APP    E WILSONS THE LEATHER EXPERTS INC - 7.9 9.0
APP    A AMERICAN EAGLE OUTFITTERS INC 11.8 23.9
MM    C- COST U LESS INC 2.3 12.9
APP    A BUCKLE INC,THE - 3.9 6.7
APP    NR OLD NAVY/THE GAP INC - 11.0 - 1.0
APP    NR VICTORIAS SECRET STORES INC/LIMITED BRANDS - 2.0 8.0
DEP    NR SHOPKO STORES - 10.1 - 0.2
HF    E PIER 1 IMPORTS INC - 12.4 - 2.8
MM    E SKO GROUP HOLDINGS CORP F/K/A/SHOPKO STORES INC - 9.3 - 0.2


Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
 48.3  3.2  - 14.0 
APP Apparel Stores 48.3  4.8  - 11.0 
CE Consumer Electronics - 14.0  - 14.0  - 14.0 
DEP Dept Stores & Catalogs 8.2  0.8  - 10.1 
DR Drug Stores 7.0  4.1  - 0.8 
FW Footwear Retail 6.1  4.3  2.4 
HF Home Furnishings 11.0  - 0.7  - 12.4 
MM Mass Merchandisers-Retail 18.6  3.2  - 9.3 
RET Other Retail Stores - 0.3  - 0.3  - 0.3 
SR Specialty Retail 1.0  - 2.6  - 6.3 


Industry Performance

The road back to school was paved with suprisingly shiny results for a diverse group of retailers, including warehouse clubs like Costco Wholesale Corp., teen retailers such as Wet Seal Inc., moderate-priced department stores such as J.C. Penney Co. Inc. and Kohl's Corp. and upscale merchants like Nordstrom Inc. However Wal-Mart Inc.'s sales came in slightly below analysts' estimates as low-income shoppers felt the sting of higher energy costs. The fear now is that shoppers will pull back in the weeks ahead as gas prices at the pump soar past $3 in many parts of the country, a result of the devastating fallout of Katrina.



COMPARABLE STORE SALES REPORT

Global Credit Services' Comparable Store Sales Report focuses on macro consumer economic pattern in combination with insightful commentary. We include our proprietary rating for each company as an additional criterion to aid subscribers' assessments.

The Comparable Store Sales Report is comprised of six sections:
Top 10 Retailers
Rising stars - Most Improved
Bottom 10 Retailers
Falling Stars - Sharpest Decline
Industry Comp Performance
Alphabetic list of retail sales performances and comps

Proprietary Rating Definitions:
A - Requirements
B - Low Risk
C - Moderate Risk
D - Moderately High Risk
E - High Risk
F - Distressed Company

Methodology:
Multiple operating units of a company are reported separately as well as on a consolidated basis. Each operating unit references its parent.

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