Connect with us

Department Stores

Retailers’ June Sales Reports

Luxury and discount/mass sectors show strong summer activity

mm

Published

on

Here’s a look at retailer's reported sales for the five weeks ended July 2, 2011:

Target (Minneapolis) saw net retail sales increase 5.7 percent to $6,256 million. June comparable-store sales were up 4.5 percent.

Department store operator Dillard’s Inc. (Little Rock, Ark.) announced its merchandise sales grew 5 percent and comparable-store sales were up 6 percent. Competitor Kohl's Corp. (Menomonee Falls, Wis.) says its sales increased 9.2 percent and comparable store sales increased 7.5 percent over the five-week period.

Fashion discount operator TJX Cos. (Framingham, Mass.) saw above-plan results in June with sales up 8 percent to $2.1 billion. Consolidated comparable store sales for the five-week period grew 5 percent.

In the luxury department store sector, Saks Inc. (New York) says sales increased 8.7 percent, with same-store sales up 11.9 percent for the month.

Seattle-based Nordstrom reported a 7.9 percent increase in same-store sales. Preliminary total retail sales of $927 million were also announced. Total revenue was up 12.7 percent at Neiman Marcus Inc. (Dallas), while comparable revenue grew 12.5 percent.

Advertisement

 

Advertisement

FEATURED VIDEO

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design

Promoted Headlines

Advertisement
Advertisement

Subscribe

Advertisement

Facebook

Most Popular