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.

October 2009

For October 2009, retailers reported an overall gain of 1.8% for stores open at least one year. Traditionally, October is a quiet month in retail as consumers take a breath after back-to-school shopping and hunker down before the busy holiday season. October figures were helped by easy comparisons with the prior year, unseasonably cool weather, and the Columbus Day holiday. Teenage retailers seemed to suffer the most, as American Eagle Outfitters, Zumiez, and Abercrombie & Fitch all reported negative numbers. The recent increase in the minimum wage in some states may have had the unintended effect of increasing teen unemployment further and sending teen-oriented apparel retailers deeper into the red. Many department stores continued to disappoint as Macy's, Dillard's, and JC Penney all reported negative numbers, but there were glimmers of hope for others. With the Great Recession likely over in a technical sense and the stock market in an apparent V-shaped recovery, there were signs that the American consumer may be wading back into upscale department stores. In a surprise, comparable stores sales at high-end retailers Saks and Nordstrom were positive, dispelling the notion, at least temporarily, that upscale apparel is dead. Whether discretionary spending is impacted by the holiday spirits will be the tale told at the conclusion of the next two months.


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 OLD NAVY/THE GAP INC 14.0 
APP TJX COMPANIES INC 10.0 
APP ROSS STORES INC 9.0 
DEP NORDSTROM INC 6.5 
APP BANANA REPUBLIC INC/THE GAP INC 5.0 
MM COSTCO WHOLESALE CORP 5.0 
DR WALGREEN COMPANY INC 4.9 
APP BUCKLE INC, THE 4.3 
APP GAP INC,THE 4.0 
DEP BON TON STORES INC 3.1 

Bottom 10 Retail Performers

Industry Company Comp %
APP ABERCROMBIE & FITCH CO - 15.0 
SG ZUMIEZ INC - 8.9 
DEP DILLARDS INC-HQ - 8.0 
APP GAP INC - 6.0 
DEP NEIMAN MARCUS INC - 6.0 
APP VICTORIAS SECRET STORES INC/LIMITED BRANDS - 6.0 
APP DESTINATION MATERNITY CORP - 5.2 
APP AMERICAN EAGLE OUTFITTERS - 5.0 
APP STEIN MART INC - 4.9 
DEP JC PENNEY CO INC - 4.5 

Rising Stars - Most Improved

Industry Company TY LY
APP OLD NAVY/THE GAP INC 14.0 - 20.0
DEP NORDSTROM INC 6.5 - 15.7
APP BANANA REPUBLIC INC/THE GAP INC 5.0 - 17.0
DEP NEIMAN MARCUS INC - 6.0 - 26.8
DEP SAKS INC/FKA PROFFITTS INC 0.7 - 16.6
APP TJX COMPANIES INC 10.0 - 6.0
APP GAP INC,THE 4.0 - 12.0
DEP BON TON STORES INC 3.1 - 11.1
APP ROSS STORES INC 9.0 - 2.0
DEP KOHLS CORP 1.4 - 9.0


Falling Stars - Sharpest Decline

Industry Company TY LY
MM BJS WHOLESALE CLUB - 1.1 10.2
APP DESTINATION MATERNITY CORP - 5.2 6.0
APP HOT TOPIC INC - 2.6 8.3
APP BUCKLE INC, THE 4.3 14.5
APP CHILDRENS PLACE RETAIL STORES INC - 2.0 4.0
APP CATO CORP 0.0 4.0
DR RITE AID CORP - 0.5 2.9
APP FREDS INC 0.4 1.3
DEP DILLARDS INC-HQ - 8.0 - 8.0
APP AEROPOSTALE INC 3.0 1.0

Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
14.0  - 0.2  - 15.0 
APP Apparel Stores 14.0  - 0.1  - 15.0 
DEP Dept Stores & Catalogs 6.5  - 0.9  - 8.0 
DR Drug Stores 4.9  2.2  - 0.5 
MM Mass Merchandisers-Retail 5.0  0.9  - 1.1 
SR Specialty Retail 2.0  2.0  2.0 
SG Sporting Goods Retail - 8.9  - 8.9  - 8.9 


Companies Ranked By Industry

Apparel Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Oct Prior Year Oct Prior Year
 OLD NAVY/THE GAP INC  14.00  -20.00  0.00  0.00  0
 TJX COMPANIES INC  10.00  -6.00  1700.00  1480.00  15
 ROSS STORES INC  9.00  -2.00  557.00  490.00  14
 BANANA REPUBLIC INC/THE GAP INC  5.00  -17.00  0.00  0.00  0
 BUCKLE INC, THE  4.30  14.50  66.60  60.30  10
 GAP INC,THE  4.00  -12.00  1140.00  1080.00  6
 AEROPOSTALE INC  3.00  1.00  138.80  127.40  9
 FREDS INC  0.40  1.30  128.10  128.00  0
 CATO CORP  0.00  4.00  61.90  59.50  4
 LIMITED BRANDS INC  0.00    0.00    0
 WET SEAL INC  -1.30  -6.20  41.00  40.30  2
 CHILDRENS PLACE RETAIL STORES INC  -2.00  4.00  149.80  144.90  3
 HOT TOPIC INC  -2.60  8.30  63.60  64.80  -2
 LIMITED STORES INC ,THE/LIMITED BRANDS  -4.00  -9.00  561.00  580.40  -3
 STEIN MART INC  -4.90  -12.50  92.20  100.00  -8
 AMERICAN EAGLE OUTFITTERS  -5.00  -12.00  195.10  204.80  -5
 DESTINATION MATERNITY CORP  -5.20  6.00  44.30  45.10  -2
 VICTORIAS SECRET STORES INC/LIMITED BRANDS  -6.00  -10.00  0.00  0.00  0
 GAP INC  -6.00  -14.00  0.00  0.00  0
 ABERCROMBIE & FITCH CO  -15.00  -20.00  203.40  215.00  -5

Dept Stores & Catalogs Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Oct Prior Year Oct Prior Year
 NORDSTROM INC  6.50  -15.70  607.00  529.00  15
 BON TON STORES INC  3.10  -11.10  224.00  218.40  3
 KOHLS CORP  1.40  -9.00  1270.00  1212.80  5
 SAKS INC/FKA PROFFITTS INC  0.70  -16.60  219.80  219.00  0
 STAGE STORES INC  -0.10  -8.40  101.00  98.50  3
 MACYS INC (FKA FEDERATED DPT STORES)  -0.80  -6.30  1710.00  1849.00  -8
 JC PENNEY CO INC  -4.50  -13.00  1313.00  1361.00  -4
 NEIMAN MARCUS INC  -6.00  -26.80  274.00  286.00  -4
 DILLARDS INC-HQ  -8.00  -8.00  361.70  406.10  -11

Drug Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Oct Prior Year Oct Prior Year
 WALGREEN COMPANY INC  4.90  2.00  5651.00  5160.00  10
 RITE AID CORP  -0.50  2.90  1962.00  2000.00  -2

Mass Merchandisers-Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Oct Prior Year Oct Prior Year
 COSTCO WHOLESALE CORP  5.00  2.00  5680.00  5300.00  7
 TARGET CORP  -0.10  -4.80  4540.00  4415.00  3
 DUCKWALL ALCO STORES INC  -0.40  -2.70  41.50  36.60  13
 BJS WHOLESALE CLUB  -1.10  10.20  764.70  738.80  4

Sporting Goods Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Oct Prior Year Oct Prior Year
 ZUMIEZ INC  -8.90  -13.10  24.70  25.00  -1

Specialty Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Oct Prior Year Oct Prior Year
 BATH & BODY WORKS/LIMITED BRANDS  2.00  -7.00  0.00  0.00  0

All Companies In Report


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