Complete Roundup Of September's Strong Retail Sales Results


Photo: AP

September retail sales are out and the numbers look good. Costco, Nordstrom and Target all grew faster than analysts expected.Luxury goods did particularly well. At Saks, women’s shoes and handbags led with Christian Dior suede T-strap sandals and Bottega Veneta crocodile clutches selling briskly at $1,200 and $8,300, respectively. The retailer posted sales of $275 million for the month.

Cooler weather coupled with sales shifts due to Hurricane Irene benefitted most retailers in the five-week period ending October 1. Target saw impressive results off of groceries and beauty products, with its Missoni campaign pulling in customers who normally shop at higher end stores.

However, even with back-to-school promotions aiding the segment, a number of retailers missed forecasts. The Gap continued to face strong headwinds, with sales lower across its three main divisions, including a 4% decline at its eponymous line. 

J.C. Penney also fell flat, with sales at stores open for more than one-year down 0.6%, and total revenue at $1.42 billion. Analysts are waiting for new CEO Ron Johnson to begin his task of turning assortments over and making the brand more lively. He recently hired Michael Francis, Target’s chief marketing officer, to help with the Penney’s transition.

The round up of sales:

Buckle: Same-Store Sales Growth: +10.3%, Expected Growth: +3.8%

Costco: Same-Store Sales Growth: +12%, Expected Growth: +10.1%

Destination Maternity: Same-Store Sales Growth: -0.8%, Expected Growth: +3%

Dillards: Same-Store Sales Growth: +3%, Expected Growth: +3.3%

Gap: Same-Store Sales Growth: -4%, Expected Growth: -3.8%

J.C. Penney: Same-Store Sales Growth: -0.6%, Expected Growth: +0.6%

Kohl’s: Same-Store Sales Growth: +4.1%, Expected Growth: +2.2%

Limited Brands: Same-Store Sales Growth: +11%, Expected Growth: +4.6%

Macy’s: Same-Store Sales Growth: +4.9%, Expected Growth: +4.4%

Nordstrom: Same-Store Sales Growth: +10.7%, Expected Growth: +5.1%

Ross Stores: Same-Store Sales Growth: +5%, Expected Growth: +3.4%

Saks: Same-Store Sales Growth: +9.3%, Expected Growth: +6.5%

Stage Stores: Same-Store Sales Growth: -0.7%, Expected Growth: +0.3%

Stein Mart: Same-Store Sales Growth: -1.7%, Expected Growth: -1.5%

Target: Same-Store Sales Growth: +5.3%, Expected Growth: +3.9%

TJX: Same-Store Sales Growth: +4%, Expected Growth: +3.2%

Walgreen: Same-Store Sales Growth: +3.1%, Expected Growth: +4.6%

Wet Seal: Same-Store Sales Growth: -0.3%, Expected Growth: +3.8%

Zumiez: Same-Store Sales Growth: +10.1%, Expected Growth: +3.2%

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