MONTHLY SECTOR SAME STORE SALES

Global Credit Services' Monthly Sector Same Store Sales Report focuses on macro consumer economic patterns in combination with insightful commentary.

August 2009

The comp store sales numbers of August 2009 reveal an economy that is struggling, but possibly bottoming. Retailers reported a sales-weighted same store sales decline of 2.5%, the 12th consecutive monthly of decline. On a positive note, the decline was better than the 4.6% fall seen in July. Sales were boosted by the tax-free shopping days that consumers enjoyed in a number of states. However, a late Labor Day may have been hurting comps as back-to-school shopping was postponed. In addition, the popular 'Cash for Clunkers' program likely diverted spending from storefronts towards car dealers. Consumers have behaved somewhat consistently throughout the recession, continually shunning high-priced retailers like Saks and Neiman Marcus while seeking value at places such as Ross Stores and TJX Companies (which operates Marshall's and TJ Maxx). An extremely tough job market, particularly for teenagers, is likely contributing to the declining sales at retailers that cater to the youth, such as Abercrombie and American Eagle. On the bright side, year-over-year comparisons should be much more favorable in coming months. September will mark the anniversary of the collapse of Lehman Brothers and the ensuing financial panic that caused some of the most spendthrift consumers to alter buying patterns.


The Monthly Sector Same Store Sales Report is comprised of:

•  Top 10 Retailers •  Bottom 10 Retailers
•  Rising Stars - Most Improved •  Falling Stars - Sharpest Decline
•  Industry Performance •  Companies Ranked By Industry
•  All Companies In Report
 
Top 10 Retail Performers

Industry Company Comp %
APP AEROPOSTALE INC 9.0 
APP ROSS STORES INC 6.0 
APP TJX COMPANIES INC 5.0 
APP CATO CORP 5.0 
APP OLD NAVY/THE GAP INC 4.0 
APP BUCKLE INC, THE 3.6 
DR WALGREEN COMPANY INC 1.9 
DEP KOHLS CORP 0.2 
APP LIMITED BRANDS INC 0.0 
SR BATH & BODY WORKS/LIMITED BRANDS - 1.0 

Bottom 10 Retail Performers

Industry Company Comp %
APP ABERCROMBIE & FITCH CO - 29.0 
DEP SAKS INC/FKA PROFFITTS INC - 19.6 
DEP NEIMAN MARCUS INC - 16.6 
SG ZUMIEZ INC - 12.1 
DEP DILLARDS INC-HQ - 12.0 
APP WET SEAL INC - 11.2 
APP DESTINATION MATERNITY CORP - 10.6 
DEP STAGE STORES INC - 9.5 
APP STEIN MART INC - 8.9 
DEP MACYS INC (FKA FEDERATED DPT STORES) - 8.1 

Rising Stars - Most Improved

Industry Company TY LY
APP CATO CORP 5.0 - 8.0
APP OLD NAVY/THE GAP INC 4.0 - 9.0
MM DUCKWALL ALCO STORES INC - 4.2 - 11.1
APP BANANA REPUBLIC INC/THE GAP INC - 8.0 - 14.0
DEP KOHLS CORP 0.2 - 5.8
DEP BON TON STORES INC - 5.1 - 10.3
APP GAP INC,THE - 3.0 - 8.0
APP TJX COMPANIES INC 5.0 0.0
SR BATH & BODY WORKS/LIMITED BRANDS - 1.0 - 5.0
APP VICTORIAS SECRET STORES INC/LIMITED BRANDS - 5.0 - 8.0


Falling Stars - Sharpest Decline

Industry Company TY LY
MM BJS WHOLESALE CLUB - 6.0 15.4
DEP NEIMAN MARCUS INC - 16.6 4.6
APP BUCKLE INC, THE 3.6 22.4
APP ABERCROMBIE & FITCH CO - 29.0 - 11.0
APP DESTINATION MATERNITY CORP - 10.6 7.2
DEP SAKS INC/FKA PROFFITTS INC - 19.6 - 5.9
SG ZUMIEZ INC - 12.1 0.2
APP AMERICAN EAGLE OUTFITTERS - 7.0 5.0
MM COSTCO WHOLESALE CORP - 2.0 9.0
APP CHILDRENS PLACE RETAIL STORES INC - 8.0 0.0

Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
9.0  - 5.2  - 29.0 
APP Apparel Stores 9.0  - 3.9  - 29.0 
DEP Dept Stores & Catalogs 0.2  - 9.6  - 19.6 
DR Drug Stores 1.9  0.0  - 1.9 
MM Mass Merchandisers-Retail - 2.0  - 3.8  - 6.0 
SR Specialty Retail - 1.0  - 1.0  - 1.0 
SG Sporting Goods Retail - 12.1  - 12.1  - 12.1 


Companies Ranked By Industry

Apparel Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Aug Prior Year Aug Prior Year
 AEROPOSTALE INC  9.00  13.00  241.70  207.90  16
 ROSS STORES INC  6.00  9.00  557.00  504.00  11
 TJX COMPANIES INC  5.00  0.00  1600.00  1500.00  7
 CATO CORP  5.00  -8.00  59.00  55.60  6
 OLD NAVY/THE GAP INC  4.00  -9.00  0.00  0.00  0
 BUCKLE INC, THE  3.60  22.40  84.50  77.50  9
 LIMITED BRANDS INC  0.00  0.00  0.00  0.00  0
 FREDS INC  -1.40  2.10  128.00  129.20  -1
 GAP INC,THE  -3.00  -8.00  1120.00  1140.00  -2
 LIMITED STORES INC ,THE/LIMITED BRANDS  -4.00  -7.00  561.40  588.40  -5
 VICTORIAS SECRET STORES INC/LIMITED BRANDS  -5.00  -8.00  0.00  0.00  0
 GAP INC  -7.00  -5.00  0.00  0.00  0
 AMERICAN EAGLE OUTFITTERS  -7.00  5.00  307.70  320.00  -4
 BANANA REPUBLIC INC/THE GAP INC  -8.00  -14.00  0.00  0.00  0
 CHILDRENS PLACE RETAIL STORES INC  -8.00  0.00  138.70  145.10  -4
 HOT TOPIC INC  -8.10  -2.70  66.60  71.60  -7
 STEIN MART INC  -8.90  -9.90  76.10  86.80  -12
 DESTINATION MATERNITY CORP  -10.60  7.20  43.80  44.80  -2
 WET SEAL INC  -11.20  -8.70  50.50  55.40  -9
 ABERCROMBIE & FITCH CO  -29.00  -11.00  313.90  405.50  -23

Dept Stores & Catalogs Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Aug Prior Year Aug Prior Year
 KOHLS CORP  0.20  -5.80  1320.00  1255.00  5
 BON TON STORES INC  -5.10  -10.30  197.00  207.10  -5
 NORDSTROM INC  -7.60  -7.90  541.00  558.00  -3
 JC PENNEY CO INC  -7.90  -4.90  1430.00  1500.00  -5
 MACYS INC (FKA FEDERATED DPT STORES)  -8.10    1540.00    0
 STAGE STORES INC  -9.50  -8.30  111.00  119.80  -7
 DILLARDS INC-HQ  -12.00  -7.00  431.10  500.80  -14
 NEIMAN MARCUS INC  -16.60  4.60  241.00  283.00  -15
 SAKS INC/FKA PROFFITTS INC  -19.60  -5.90  160.80  200.50  -20

Drug Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Aug Prior Year Aug Prior Year
 WALGREEN COMPANY INC  1.90  0.90  5230.00  4903.10  7
 RITE AID CORP  -1.90  -1.30  2400.00  2474.00  -3

Mass Merchandisers-Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Aug Prior Year Aug Prior Year
 COSTCO WHOLESALE CORP  -2.00  9.00  5400.00  5410.00  -0
 TARGET CORP  -2.90  -2.10  4860.00  4852.00  0
 DUCKWALL ALCO STORES INC  -4.20  -11.10  33.10  35.70  -7
 BJS WHOLESALE CLUB  -6.00  15.40  757.60  774.40  -2

Sporting Goods Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Aug Prior Year Aug Prior Year
 ZUMIEZ INC  -12.10  0.20  51.70  53.20  -3

Specialty Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Aug Prior Year Aug Prior Year
 BATH & BODY WORKS/LIMITED BRANDS  -1.00  -5.00  0.00  0.00  0

All Companies In Report


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


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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