SECTOR MONTHLY SAME STORE SALES
 

COMPARABLE STORE SALE JULY 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
Jul Prior Year Jul Prior Year
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       
                       



Companies Ranked by Industry

Credit
Rating		 Apparel Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
C  WET SEAL INC  50.90  -17.70  37.60  32.70  15
A-  BEBE STORES INC  25.00  9.70  37.40  31.30  19
A-  ABERCROMBIE & FITCH CO  22.00  -9.00  191.00  143.70  33
A  AMERICAN EAGLE OUTFITTERS INC  17.10  20.20  175.00  145.70  20
C-  UNITED RETAIL GROUP INC/DE  17.00  1.00  31.50  27.30  15
A-  CHICOS FAS INC  14.00  13.70  94.80  71.10  33
D-  TALBOTS INC  11.30  -8.80  114.70  97.20  18
B+  GYMBOREE CORP  10.00  12.00  43.90  41.00  7
NR  DRESS BARN  10.00    0.00    0
B  DRESS BARN INC  9.00  1.00  85.20  49.70  71
B+  MENS WEARHOUSE INC,THE  8.80  5.50  105.50  94.00  12
E  WILSONS THE LEATHER EXPERTS INC  8.70  21.10  19.50  18.40  6
C  CHILDRENS PLACE RETAIL STORES  8.00  14.00  102.90  60.40  70
B-  CACHE INC  8.00  -4.00  15.40  13.30  16
B-  BURLINGTON COAT FACTORY WAREHOUSE CORP  7.50  4.00  0.00  0.00  0
B  CLAIRES STORES INC  7.00  9.00  105.84  98.82  7
NR  MAURICES INC/AMERICAN RETAIL GROUP  7.00    0.00    0
B-  ROSS STORES INC  7.00  -5.00  362.00  309.00  17
NR  VICTORIAS SECRET STORES INC/LIMITED BRANDS  7.00  6.00  0.00  0.00  0
NR  BANANA REPUBLIC INC/THE GAP INC  7.00  -10.00  0.00  0.00  0
C-  STEIN MART INC  5.20  6.20  87.50  81.80  7
C+  PACIFIC SUNWEAR OF CALIFORNIA INC  4.00  6.00  111.10  97.20  14
NR  CATHERINES INC/CHARMING SHOPPES  3.00  -5.00  0.00  0.00  0
NR  LIMITED STORES INC ,THE/LIMITED BRANDS  2.00  -3.00  0.00  0.00  0
A-  DEB SHOPS INC  2.00  5.80  24.50  23.90  3
C+  LIMITED BRANDS INC  1.00  0.01  596.20  575.30  4
C+  TJX COMPANIES INC  1.00  3.00  1100.00  1000.00  10
B+  JOS A BANK CLOTHIERS INC /DE/  0.50  14.50  27.10  23.50  15
C-  CHARMING SHOPPES INC  0.01  -1.00  200.80  169.80  18
B+  CHRISTOPHER & BANKS CORP/FKA BRAUNS FASHIONS  0.01  -5.00  41.10  36.80  12
NR  FASHION BUG  -1.00  -6.00  0.00  0.00  0
F+  FILENES BASEMENT CORP/RETAIL VENTURES INC  -1.10  0.80  23.07  22.72  2
C  FREDS INC  -1.80  2.50  108.50  101.70  7
A  BUCKLE INC,THE  -3.30  2.40  35.20  34.70  1
B-  ANNTAYLOR STORES CORP  -3.50  -2.10  139.07  129.41  7
C  S & K FAMOUS BRANDS INC  -3.60  -4.90  10.30  10.70  -4
B+  CATO CORP  -4.00  -3.00  56.80  55.50  2
B  GAP INC,THE  -4.00  -5.00  1040.00  1000.00  4
B+  AEROPOSTALE INC  -4.20  13.80  83.90  71.10  18
E+  MOTHERS WORK INC / MOTHERHOOD MATERNITY  -4.30  -2.60  43.40  42.10  3
NR  OLD NAVY/THE GAP INC  -5.00  -2.00  0.00  0.00  0
C+  HOT TOPIC INC  -5.00  -5.00  51.90  47.40  9
C  GOODYS FAMILY CLOTHING INC  -5.10  -4.50  89.00  90.00  -1
NR  GAP INC  -8.00  -3.00  0.00  0.00  0
NR  EXPRESS INC/LIMITED BRANDS  -11.00  -5.00  0.00  0.00  0

Credit
Rating		 Consumer Electronics Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
F  SHARPER IMAGE CORP  -2.00  0.01  42.00  43.20  -3

Credit
Rating		 Dept Stores & Catalogs Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
C-  NEIMAN MARCUS INC  8.80  16.60  232.00  218.00  6
E  GOTTSCHALKS INC  5.80  -0.40  43.50  41.40  5
B-  NORDSTROM INC  3.60  6.10  787.20  746.90  5
D  DILLARDS INC-HQ  3.00  -4.00  543.92  529.70  3
B-  STAGE STORES INC  2.40  -7.80  94.50  89.20  6
B-  JC PENNEY CO INC  1.60  8.10  1185.00  1005.00  18
C-  SAKS INC/FKA PROFFITTS INC  0.30  5.50  340.20  388.90  -13
NR  LANE BRYANT INC  0.01  7.00  0.00  0.00  0
NR  TARGET STORES  0.00  4.10  0.00  3211.00  -100
A-  KOHLS CORP  -0.50  -4.20  846.20  770.70  10
C-  MACYS INC (FKA FEDERATED DPT STORES)  -0.90  3.70  998.00  998.00  0
D  GORDMANS INC  -2.00  -2.10  0.00  0.00  0
NR  BON TON,THE  -2.00  1.40  73.20  40.00  83
E+  BON TON STORES INC  -2.00  1.40  73.20  75.20  -3
NR  MAY DEPT STORES CO INC/ SEE FEDERATED DEPT STORES  -3.30  -5.00  927.40  817.90  13
NR  SHOPKO STORES  -5.50  -0.10  155.60  163.70  -5
NR  VALUE CITY DEPARTMENT STORE  -8.00  -4.70  81.80  89.34  -8

Credit
Rating		 Drug Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
B  WALGREEN COMPANY INC  5.90  8.20  3425.80  3110.10  10
B-  CVS/CAREMARK CORPORATION  5.10  4.10  2700.00  2040.00  32
E+  RITE AID CORP  0.80  2.90  1264.00  1259.00  0
C-  LONGS DRUG STORES CORP  0.10  4.20  345.30  343.70  0

Credit
Rating		 Footwear Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
B-  COLLECTIVE BRANDS FKA PAYLESS SHOESOURCE  -2.40  -6.50  177.90  192.00  -7
C-  SHOE CARNIVAL INC  -4.80  -6.30  46.20  46.40  -0

Credit
Rating		 Home Furnishings Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
E-  BOMBAY COMPANY INC CASE NUMBER 07-44084  -3.00  -25.00  33.60  34.50  -3
E  PIER 1 IMPORTS INC  -7.70  -1.30  134.57  138.90  -3
C-  HAVERTY FURNITURE COMPANIES  -8.80    66.60    0

Credit
Rating		 Mass Merchandisers-Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
B-  PRICESMART INC  16.70  5.30  59.10  50.30  17
B-  TARGET CORP  5.50  3.80  3593.00  3211.00  12
D  DUCKWALL ALCO STORES INC  5.20  -0.20  30.40  30.40  0
NR  SAMS CLUB  5.10  7.70  2931.00  2707.00  8
B-  COSTCO WHOLESALE CORP  5.00  9.00  4020.00  3720.00  8
C+  BJS WHOLESALE CLUB  4.70  6.40  582.30  532.60  9
B-  WAL MART STORES INC  4.40  3.20  22811.00  20610.00  11
C-  COST U LESS INC  4.00    16.10    0
D  DOLLAR GENERAL CORP  3.10  3.60  617.10  552.60  12
B  BIG LOTS INC /FKA CONSOLIDATED STORES INC  -0.60  -3.80  292.60  280.00  5
B-  FAMILY DOLLAR STORES INC  -1.60  1.40  418.80  396.30  6
NR  PAMIDA HOLDINGS CORP  -3.10  -2.20  57.60  58.80  -2
E+  RETAIL VENTURES INC/ FKA VALUE CITY DEPARTMENT STORES IN  -4.00  -2.30  174.31  170.60  2
E  SKO GROUP HOLDINGS CORP F/K/A/SHOPKO STORES INC  -4.90  -0.60  213.20  222.50  -4

Credit
Rating		 Other Retail Stores Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
D-  FACTORY CARD & PARTY OUTLET CORP NOW PART OF AMSCAN HOLDINGS  0.60  -3.80  15.20  14.90  2

Credit
Rating		 Specialty Retail Monthly Comp
Change - %		 Net Sales
(in millions)		 Sales
% Change
Jul Prior Year Jul Prior Year
NR  BATH & BODY WORKS/LIMITED BRANDS  2.00  -4.00  0.00  0.00  0
D+  JO ANN STORES INC  -1.50  -0.20  117.40  114.10  3
E  HANCOCK FABRICS INC CASE NUMBER 07-10353  -7.90  -4.40  26.00  27.90  -7



Performance Insight


Top 10 Retail Performers

Industry Credit
Rating		 Company Comp %
APP    C WET SEAL INC 50.9 
APP    A- BEBE STORES INC 25.0 
APP    A- ABERCROMBIE & FITCH CO 22.0 
APP    A AMERICAN EAGLE OUTFITTERS INC 17.1 
APP    C- UNITED RETAIL GROUP INC/DE 17.0 
MM    B- PRICESMART INC 16.7 
APP    A- CHICOS FAS INC 14.0 
APP    D- TALBOTS INC 11.3 
APP    B+ GYMBOREE CORP 10.0 
APP    NR DRESS BARN 10.0 


Rising Stars - Most Improved

Industry Credit
Rating		 Company TY LY
APP    C WET SEAL INC 50.9 - 17.7
APP    A- ABERCROMBIE & FITCH CO 22.0 - 9.0
HF    E- BOMBAY COMPANY INC CASE NUMBER 07-44084 - 3.0 - 25.0
APP    D- TALBOTS INC 11.3 - 8.8
APP    NR BANANA REPUBLIC INC/THE GAP INC 7.0 - 10.0
APP    C- UNITED RETAIL GROUP INC/DE 17.0 1.0
APP    A- BEBE STORES INC 25.0 9.7
APP    B- ROSS STORES INC 7.0 - 5.0
APP    B- CACHE INC 8.0 - 4.0
MM    B- PRICESMART INC 16.7 5.3


Bottom 10 Retail Performers

Industry Credit
Rating		 Company Comp %
APP    NR EXPRESS INC/LIMITED BRANDS - 11.0 
HF    C- HAVERTY FURNITURE COMPANIES - 8.8 
APP    NR GAP INC - 8.0 
DEP    NR VALUE CITY DEPARTMENT STORE - 8.0 
SR    E HANCOCK FABRICS INC CASE NUMBER 07-10353 - 7.9 
HF    E PIER 1 IMPORTS INC - 7.7 
DEP    NR SHOPKO STORES - 5.5 
APP    C GOODYS FAMILY CLOTHING INC - 5.1 
APP    C+ HOT TOPIC INC - 5.0 
APP    NR OLD NAVY/THE GAP INC - 5.0 


Falling Stars - Sharpest Decline

Industry Credit
Rating		 Company TY LY
APP    B+ AEROPOSTALE INC - 4.2 13.8
APP    B+ JOS A BANK CLOTHIERS INC /DE/ 0.5 14.5
APP    E WILSONS THE LEATHER EXPERTS INC 8.7 21.1
DEP    C- NEIMAN MARCUS INC 8.8 16.6
DEP    NR LANE BRYANT INC 0.0 7.0
DEP    B- JC PENNEY CO INC 1.6 8.1
HF    E PIER 1 IMPORTS INC - 7.7 - 1.3
APP    C CHILDRENS PLACE RETAIL STORES 8.0 14.0
APP    NR EXPRESS INC/LIMITED BRANDS - 11.0 - 5.0
APP    A BUCKLE INC,THE - 3.3 2.4


Industry Performance

Industry Industry Highest Median Lowest
RETAIL SECTOR
 50.9  2.6  - 11.0 
APP Apparel Stores 50.9  4.8  - 11.0 
CE Consumer Electronics - 2.0  - 2.0  - 2.0 
DEP Dept Stores & Catalogs 8.8  0.1  - 8.0 
DR Drug Stores 5.9  3.0  0.1 
FW Footwear Retail - 2.4  - 3.6  - 4.8 
HF Home Furnishings - 3.0  - 6.5  - 8.8 
MM Mass Merchandisers-Retail 16.7  2.8  - 4.9 
RET Other Retail Stores 0.6  0.6  0.6 
SR Specialty Retail 2.0  - 2.5  - 7.9 


Industry Performance

As a traditionally transitional, this is a low volume and relatively insignificant month for retailers and this July it was equally unimportant to shoppers, even as some retailers tried to get a bigger share of the consumer wallet by rolling out back-to-school merchandise earlier. Following sales that rebounded in June, July's results showed generally moderate gains for Apparel Stores and Drug Stores. However, most other retail comps declined as the balmy-to-hot weather won out and despite clearance activities shoppers preferred the natural cool of mountain air and ocean surf.



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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