SECTOR MONTHLY SAME STORE SALES
 

COMPARABLE STORE SALES JUNE 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
Jun Prior Year Jun Prior Year
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       



Companies Ranked by Industry

Credit
Rating
Apparel Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
C  WET SEAL INC  59.30  -10.10  49.20  39.90  23
A-  ABERCROMBIE & FITCH CO  38.00  -5.00  221.60  146.10  52
A-  BEBE STORES INC  31.40  6.70  50.60  28.90  75
A  AMERICAN EAGLE OUTFITTERS INC  28.00  7.60  197.40  150.80  31
NR  CATHERINES INC/CHARMING SHOPPES  23.00  -11.00  0.00  0.00  0
A-  CHICOS FAS INC  18.80  10.90  131.00  93.60  40
C-  UNITED RETAIL GROUP INC/DE  17.00  -5.00  44.00  37.90  16
B+  GYMBOREE CORP  17.00  -4.00  48.60  42.10  15
B-  BURLINGTON COAT FACTORY WAREHOUSE CORP  13.20  1.60  0.00  0.00  0
B-  CACHE INC  10.00  -4.00  21.10  18.30  15
B+  MENS WEARHOUSE INC,THE  9.70  6.70  173.40  151.80  14
A-  DEB SHOPS INC  9.10  -4.50  25.00  23.10  8
B  DRESS BARN INC  9.00  -1.00  117.30  72.70  61
NR  MAURICES INC/AMERICAN RETAIL GROUP  9.00    117.30    0
NR  DRESS BARN  9.00    0.00    0
NR  FASHION BUG  9.00  -3.00  0.00  0.00  0
B+  CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS  8.00  -8.00  36.10  29.80  21
C-  CHARMING SHOPPES INC  8.00  -2.00  286.00  232.40  23
C  S & K FAMOUS BRANDS INC  7.80  -4.50  17.30  16.00  8
B+  JOS A BANK CLOTHIERS INC /DE/  7.50  10.60  40.00  32.30  24
E  WILSONS THE LEATHER EXPERTS INC  6.90  19.20  21.70  21.00  3
B-  ROSS STORES INC  6.00  -4.00  1934.00  381.00  408
D-  TALBOTS INC  5.90  0.90  197.60  184.60  7
B+  CATO CORP  5.00  -5.00  79.10  72.10  10
F+  FILENES BASEMENT CORP/RETAIL VENTURES INC  4.60  2.60  35.30  32.80  8
C+  PACIFIC SUNWEAR OF CALIFORNIA INC  4.50  7.00  120.60  105.20  15
A  BUCKLE INC,THE  4.40  10.30  38.00  34.70  10
C-  STEIN MART INC  4.10  12.50  131.70  124.00  6
B  CLAIRES STORES INC  4.00  11.00  124.30  116.76  6
C+  TJX COMPANIES INC  3.00  2.00  1400.00  1300.00  8
NR  GAP INC  3.00  -2.00  0.00  0.00  0
C  FREDS INC  2.10  4.80  148.20  132.70  12
B+  AEROPOSTALE INC  2.00  21.30  86.20  69.60  24
C  CHILDRENS PLACE RETAIL STORES  2.00  9.00  125.30  71.50  75
E+  MOTHERS WORK INC / MOTHERHOOD MATERNITY  0.50  -10.90  46.30  41.60  11
C+  LIMITED BRANDS INC  0.01  19.00  1022.00  994.10  3
B  GAP INC,THE  0.01  -2.00  1052.00  1500.00  -30
NR  OLD NAVY/THE GAP INC  0.01  -2.00  0.00  0.00  0
NR  VICTORIAS SECRET STORES INC/LIMITED BRANDS  0.01  6.00  0.00  0.00  0
B-  ANNTAYLOR STORES CORP  -1.20  11.90  192.50  173.35  11
C+  HOT TOPIC INC  -3.30  -0.40  57.00  51.10  12
C  GOODYS FAMILY CLOTHING INC  -4.50  -3.20  106.80  105.30  1
NR  BANANA REPUBLIC INC/THE GAP INC  -6.00  11.00  0.00  0.00  0
NR  LIMITED STORES INC ,THE/LIMITED BRANDS  -10.00  7.00  0.00  0.00  0
NR  EXPRESS INC/LIMITED BRANDS  -15.00  12.00  0.00  0.00  0

Credit
Rating
Consumer Electronics Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
NR  INTERTAN INC  0.00    0.00    0
F  SHARPER IMAGE CORP  -10.00  2.00  46.10  50.80  -9

Credit
Rating
Dept Stores & Catalogs Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
A-  KOHLS CORP  14.40  -3.70  1142.00  909.60  26
B-  STAGE STORES INC  11.10  -2.50  115.00  100.10  15
C-  NEIMAN MARCUS INC  9.20  13.00  351.00  326.00  8
NR  TARGET STORES  9.00  2.20  4575.00  3888.00  18
B-  NORDSTROM INC  8.10  5.70  773.50  707.40  9
B-  JC PENNEY CO INC  7.40  4.80  1537.00  1257.00  22
NR  SHOPKO STORES  6.40  2.80  207.00  220.20  -6
C-  SAKS INC/FKA PROFFITTS INC  6.00  8.50  546.10  520.20  5
NR  LANE BRYANT INC  3.00  3.00  0.00  0.00  0
C-  MACYS INC (FKA FEDERATED DPT STORES)  2.90  3.40  1437.00  1382.00  4
NR  VALUE CITY DEPARTMENT STORE  0.80  -7.70  122.00  123.60  -1
E  GOTTSCHALKS INC  0.50  3.30  60.80  60.70  0
D  DILLARDS INC-HQ  0.01  -1.00  630.30  630.27  0
E+  BON TON STORES INC  -1.00  -3.20  112.20  113.90  -1
NR  BON TON,THE  -1.00  -3.80  112.20  61.20  83
D  GORDMANS INC  -1.20  8.00  0.00  0.00  0

Credit
Rating
Drug Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
B  WALGREEN COMPANY INC  7.80  10.60  3496.80  2704.43  29
B-  CVS/CAREMARK CORPORATION  5.80  6.60  3005.00  2660.00  13
C-  LONGS DRUG STORES CORP  0.30  0.04  447.60  445.10  1
E+  RITE AID CORP  0.20  2.40  1281.00  1283.00  -0

Credit
Rating
Footwear Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
C-  SHOE CARNIVAL INC  6.70  -4.60  54.40  48.60  12
B-  COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE  1.70  -1.00  275.80  291.30  -5

Credit
Rating
Home Furnishings Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
C-  HAVERTY FURNITURE COMPANIES  -1.80    65.50    0
E-  BOMBAY COMPANY INC CASE NUMBER 07-44084  -2.00  -14.00  49.40  50.40  -2
E  PIER 1 IMPORTS INC  -3.80  -4.30  175.20  172.95  1

Credit
Rating
Mass Merchandisers-Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
B-  PRICESMART INC  16.70  2.20  54.30  46.70  16
B-  COSTCO WHOLESALE CORP  9.00  6.00  5022.00  4640.00  8
B-  TARGET CORP  9.00  2.30  4575.00  4471.00  2
C-  COST U LESS INC  5.60    20.00    0
E  SKO GROUP HOLDINGS CORP F/K/A/SHOPKO STORES INC  4.80  2.20  228.00  301.20  -24
B-  WAL MART STORES INC  4.50  2.20  2999.30  26972.00  -89
C+  BJS WHOLESALE CLUB  4.30  7.40  796.10  730.98  9
D  DOLLAR GENERAL CORP  4.30  2.30  808.60  715.60  13
NR  SAMS CLUB  4.00  6.40  3898.00  3645.00  7
D  DUCKWALL ALCO STORES INC  3.30  -0.20  42.30  42.40  -0
E+  RETAIL VENTURES INC/ FKA VALUE CITY DEPARTMENT STORES IN  2.80  -4.40  263.80  240.60  10
B-  FAMILY DOLLAR STORES INC  1.40  0.90  566.90  521.90  9
B  BIG LOTS INC /FKA CONSOLIDATED STORES INC  1.10  -2.40  408.20  381.80  7
NR  PAMIDA HOLDINGS CORP  0.50  0.60  81.70  81.00  1

Credit
Rating
Other Retail Stores Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
D-  FACTORY CARD & PARTY OUTLET CORP NOW PART OF AMSCAN HOLDINGS  1.50  4.30  23.90  23.90  0

Credit
Rating
Sporting Goods Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
0  ZUMIEZ INC  10.70    15.30    0

Credit
Rating
Specialty Retail Monthly Comp
Change - %
Net Sales
(in millions)
Sales
% Change
Jun Prior Year Jun Prior Year
NR  BATH & BODY WORKS/LIMITED BRANDS  15.00  55.00  0.00  0.00  0
D+  JO ANN STORES INC  0.20  6.80  151.80  146.00  4
E  HANCOCK FABRICS INC CASE NUMBER 07-10353  -8.00  -6.60  31.40  33.70  -7



Performance Insight


Top 10 Retail Performers

Industry Credit
Rating
Company Comp %
APP    C WET SEAL INC 59.3 
APP    A- ABERCROMBIE & FITCH CO 38.0 
APP    A- BEBE STORES INC 31.4 
APP    A AMERICAN EAGLE OUTFITTERS INC 28.0 
APP    NR CATHERINES INC/CHARMING SHOPPES 23.0 
APP    A- CHICOS FAS INC 18.8 
APP    C- UNITED RETAIL GROUP INC/DE 17.0 
APP    B+ GYMBOREE CORP 17.0 
MM    B- PRICESMART INC 16.7 
SR    NR BATH & BODY WORKS/LIMITED BRANDS 15.0 


Rising Stars - Most Improved

Industry Credit
Rating
Company TY LY
APP    C WET SEAL INC 59.3 - 10.1
APP    A- ABERCROMBIE & FITCH CO 38.0 - 5.0
APP    NR CATHERINES INC/CHARMING SHOPPES 23.0 - 11.0
APP    A- BEBE STORES INC 31.4 6.7
APP    C- UNITED RETAIL GROUP INC/DE 17.0 - 5.0
APP    B+ GYMBOREE CORP 17.0 - 4.0
APP    A AMERICAN EAGLE OUTFITTERS INC 28.0 7.6
DEP    A- KOHLS CORP 14.4 - 3.7
APP    B+ CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS 8.0 - 8.0
MM    B- PRICESMART INC 16.7 2.2


Bottom 10 Retail Performers

Industry Credit
Rating
Company Comp %
APP    NR EXPRESS INC/LIMITED BRANDS - 15.0 
APP    NR LIMITED STORES INC ,THE/LIMITED BRANDS - 10.0 
CE    F SHARPER IMAGE CORP - 10.0 
SR    E HANCOCK FABRICS INC CASE NUMBER 07-10353 - 8.0 
APP    NR BANANA REPUBLIC INC/THE GAP INC - 6.0 
APP    C GOODYS FAMILY CLOTHING INC - 4.5 
HF    E PIER 1 IMPORTS INC - 3.8 
APP    C+ HOT TOPIC INC - 3.3 
HF    E- BOMBAY COMPANY INC CASE NUMBER 07-44084 - 2.0 
HF    C- HAVERTY FURNITURE COMPANIES - 1.8 


Falling Stars - Sharpest Decline

Industry Credit
Rating
Company TY LY
SR    NR BATH & BODY WORKS/LIMITED BRANDS 15.0 55.0
APP    NR EXPRESS INC/LIMITED BRANDS - 15.0 12.0
APP    B+ AEROPOSTALE INC 2.0 21.3
APP    C+ LIMITED BRANDS INC 0.0 19.0
APP    NR LIMITED STORES INC ,THE/LIMITED BRANDS - 10.0 7.0
APP    NR BANANA REPUBLIC INC/THE GAP INC - 6.0 11.0
APP    B- ANNTAYLOR STORES CORP - 1.2 11.9
APP    E WILSONS THE LEATHER EXPERTS INC 6.9 19.2
CE    F SHARPER IMAGE CORP - 10.0 2.0
DEP    D GORDMANS INC - 1.2 8.0


Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
59.3  5.8  - 15.0 
APP Apparel Stores 59.3  8.0  - 15.0 
CE Consumer Electronics 0.0  - 5.0  - 10.0 
DEP Dept Stores & Catalogs 14.4  4.7  - 1.2 
DR Drug Stores 7.8  3.5  0.2 
FW Footwear Retail 6.7  4.2  1.7 
HF Home Furnishings - 1.8  - 2.5  - 3.8 
MM Mass Merchandisers-Retail 16.7  5.1  0.5 
RET Other Retail Stores 1.5  1.5  1.5 
SR Specialty Retail 15.0  2.4  - 8.0 
SG Sporting Goods Retail 10.7  10.7  10.7 


Industry Performance

The sub-par performance of Home Furnishings retailers may reflect either a "pause to refresh" or an "I've bought enough" consumer sentiment. We'll have to wait and see as interest rates rise and oil remains at strangling prices... The steady growth of Drug Store sales is not unexpected as America's population continues its graying trend... However, as a country we never saw a sale we didn't like and never passed on apparel that could bring a fashionable smile to our faces as seasons change, all of which is evidenced in the Apparel Stores numbers...Lastly, more of us are shopping value and Mass Merchandisers are enjoying this continuing phenomenon in an increasingly competitive environment.



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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