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MONTHLY SECTOR SAME STORE SALES |
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Global
Credit Services' Monthly Sector Same Store Sales Report focuses on
macro consumer economic patterns in combination with insightful
commentary. |
September 2009 |
Comparable store sales numbers for September 2009 provide further evidence that the economy bottomed sometime during the summer and is now taking baby steps in a less than robust recovery. Although comp store sales were up a mere 0.6% in September, it was the best showing for retail in 2009. However, it is unlikely that retailers will be loading up on inventory in anticipation of a gangbusters recovery. The latest comp numbers were inflated by a late Labor Day, which juiced back-to-school sales in September. The month's weather was somewhat chillier than usual, giving consumers an impetus to 'winterize' their wardrobes a little earlier than usual. Finally, the year-over-year comparisons were quite favorable as the performance for some retailers since the collapse of Lehman Brothers had been simply woeful. The 'new normal' in consumer spending continues to firm its grip as high-priced apparel is shunned and bargain-hunting consumers seek value. The registers continue to ring at discounters such as TJX Companies and Ross Stores, while tumbleweed may be gathering outside of high-end retail stores. Aeropostale was the star of month as strapped teenagers found its merchandise more affordable than that of Abercrombie's. With employment approaching 10%, it is no surprise that department stores like Macy's and Dillard's have negative comp numbers, while the line at your local dollar store is out the door.
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| • Top 10 Retailers | • Bottom 10 Retailers |
| • Rising Stars - Most Improved | • Falling Stars - Sharpest Decline |
| • Industry Performance | • Companies Ranked By Industry |
| • All Companies In Report | |
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| Apparel Stores | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|
| Sep | Prior Year | Sep | Prior Year | ||
| AEROPOSTALE INC | 19.00 | 5.00 | 187.30 | 146.70 | 28 |
| OLD NAVY/THE GAP INC | 13.00 | -24.00 | 0.00 | 0.00 | 0 |
| ROSS STORES INC | 8.00 | 5.00 | 629.00 | 561.00 | 12 |
| TJX COMPANIES INC | 7.00 | 1.00 | 2000.00 | 1830.00 | 9 |
| CATO CORP | 6.00 | -3.00 | 70.00 | 64.80 | 8 |
| BUCKLE INC, THE | 5.10 | 19.70 | 80.10 | 72.80 | 10 |
| CHILDRENS PLACE RETAIL STORES INC | 4.00 | 0.01 | 174.70 | 160.70 | 9 |
| FREDS INC | 3.30 | 1.10 | 166.60 | 161.40 | 3 |
| LIMITED BRANDS INC | 1.00 | -6.00 | 654.80 | 673.40 | -3 |
| AMERICAN EAGLE OUTFITTERS | 0.00 | -6.00 | 246.00 | 229.00 | 7 |
| GAP INC,THE | -1.00 | -11.00 | 1340.00 | 1340.00 | 0 |
| VICTORIAS SECRET STORES INC/LIMITED BRANDS | -1.00 | -7.00 | 0.00 | 0.00 | 0 |
| HOT TOPIC INC | -4.00 | -1.80 | 45.10 | 60.80 | -26 |
| WET SEAL INC | -4.50 | -7.50 | 50.10 | 51.00 | -2 |
| STEIN MART INC | -5.40 | -14.80 | 101.90 | 112.00 | -9 |
| GAP INC | -8.00 | -3.00 | 0.00 | 0.00 | 0 |
| DESTINATION MATERNITY CORP | -10.60 | -2.70 | 43.80 | 43.70 | 0 |
| BANANA REPUBLIC INC/THE GAP INC | -12.00 | -4.00 | 0.00 | 0.00 | 0 |
| ABERCROMBIE & FITCH CO | -18.00 | -14.00 | 248.20 | 275.40 | -10 |
| Dept Stores & Catalogs | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|
| Sep | Prior Year | Sep | Prior Year | ||
| KOHLS CORP | 5.50 | -5.50 | 1460.00 | 1340.00 | 9 |
| JC PENNEY CO INC | -1.40 | -12.40 | 1438.00 | 1446.00 | -1 |
| MACYS INC (FKA FEDERATED DPT STORES) | -2.30 | 2040.00 | 0 | ||
| NORDSTROM INC | -2.40 | -5.80 | 720.00 | 718.00 | 0 |
| BON TON STORES INC | -4.80 | -4.60 | 282.90 | 299.00 | -5 |
| STAGE STORES INC | -5.60 | -13.60 | 113.00 | 115.50 | -2 |
| DILLARDS INC-HQ | -6.00 | -12.00 | 519.30 | 568.50 | -9 |
| SAKS INC/FKA PROFFITTS INC | -11.60 | -11.10 | 242.10 | 273.20 | -11 |
| NEIMAN MARCUS INC | -17.60 | -12.90 | 354.00 | 415.00 | -15 |
| Drug Stores | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|
| Sep | Prior Year | Sep | Prior Year | ||
| WALGREEN COMPANY INC | 5.30 | 6.50 | 5349.10 | 4854.00 | 10 |
| RITE AID CORP | -0.30 | 1.70 | 1941.00 | 1971.00 | -2 |
| Mass Merchandisers-Retail | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|
| Sep | Prior Year | Sep | Prior Year | ||
| COSTCO WHOLESALE CORP | 1.00 | 9.00 | 6850.00 | 6670.00 | 3 |
| DUCKWALL ALCO STORES INC | 0.30 | -5.10 | 41.50 | 43.60 | -5 |
| BJS WHOLESALE CLUB | -0.50 | 10.40 | 928.00 | 892.80 | 4 |
| TARGET CORP | -1.70 | -3.00 | 5390.00 | 5320.00 | 1 |
| Sporting Goods Retail | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|
| Sep | Prior Year | Sep | Prior Year | ||
| ZUMIEZ INC | -0.80 | -9.00 | 36.50 | 33.60 | 9 |
| Specialty Retail | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|
| Sep | Prior Year | Sep | Prior Year | ||
| BATH & BODY WORKS/LIMITED BRANDS | 5.00 | -7.00 | 0.00 | 0.00 | 0 |
| Industry | Company | YTD | Monthly Comp Change - % |
Net Sales (in millions) |
Sales % Change |
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|---|---|---|---|---|---|---|---|
| Sep | Prior Year | Sep | 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.