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.

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.


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 19.0 
APP OLD NAVY/THE GAP INC 13.0 
APP ROSS STORES INC 8.0 
APP TJX COMPANIES INC 7.0 
APP CATO CORP 6.0 
DEP KOHLS CORP 5.5 
DR WALGREEN COMPANY INC 5.3 
APP BUCKLE INC, THE 5.1 
SR BATH & BODY WORKS/LIMITED BRANDS 5.0 
APP CHILDRENS PLACE RETAIL STORES INC 4.0 

Bottom 10 Retail Performers

Industry Company Comp %
APP ABERCROMBIE & FITCH CO - 18.0 
DEP NEIMAN MARCUS INC - 17.6 
APP BANANA REPUBLIC INC/THE GAP INC - 12.0 
DEP SAKS INC/FKA PROFFITTS INC - 11.6 
APP DESTINATION MATERNITY CORP - 10.6 
APP GAP INC - 8.0 
DEP DILLARDS INC-HQ - 6.0 
DEP STAGE STORES INC - 5.6 
APP STEIN MART INC - 5.4 
DEP BON TON STORES INC - 4.8 

Rising Stars - Most Improved

Industry Company TY LY
APP OLD NAVY/THE GAP INC 13.0 - 24.0
APP AEROPOSTALE INC 19.0 5.0
SR BATH & BODY WORKS/LIMITED BRANDS 5.0 - 7.0
DEP JC PENNEY CO INC - 1.4 - 12.4
DEP KOHLS CORP 5.5 - 5.5
APP GAP INC,THE - 1.0 - 11.0
APP STEIN MART INC - 5.4 - 14.8
APP CATO CORP 6.0 - 3.0
SG ZUMIEZ INC - 0.8 - 9.0
DEP STAGE STORES INC - 5.6 - 13.6


Falling Stars - Sharpest Decline

Industry Company TY LY
APP BUCKLE INC, THE 5.1 19.7
MM BJS WHOLESALE CLUB - 0.5 10.4
APP BANANA REPUBLIC INC/THE GAP INC - 12.0 - 4.0
MM COSTCO WHOLESALE CORP 1.0 9.0
APP DESTINATION MATERNITY CORP - 10.6 - 2.7
APP GAP INC - 8.0 - 3.0
DEP NEIMAN MARCUS INC - 17.6 - 12.9
APP ABERCROMBIE & FITCH CO - 18.0 - 14.0
APP HOT TOPIC INC - 4.0 - 1.8
DR RITE AID CORP - 0.3 1.7

Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
19.0  - 1.0  - 18.0 
APP Apparel Stores 19.0  0.1  - 18.0 
DEP Dept Stores & Catalogs 5.5  - 5.1  - 17.6 
DR Drug Stores 5.3  2.5  - 0.3 
MM Mass Merchandisers-Retail 1.0  - 0.2  - 1.7 
SR Specialty Retail 5.0  5.0  5.0 
SG Sporting Goods Retail - 0.8  - 0.8  - 0.8 


Companies Ranked By Industry

Apparel Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
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
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
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
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
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
Sep Prior Year Sep Prior Year
 BATH & BODY WORKS/LIMITED BRANDS  5.00  -7.00  0.00  0.00  0

All Companies In Report


Industry Company YTD Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
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.


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