.Retail same-store sales booked yesterday jumped to 7.1%
growth in June according to Kantar Retail – beating the 5.7% same-store
sales gain last month and a rise of 3.2% in June last year” .”.Growth
held up in discretionary purchases at specialty apparel and department
stores, helped by promotions to clear inventories of summer lines to
make way for back-to-school ranges .” “.”June is peak season for
weddings and graduations, and this may have helped the continuing strong
growth of both luxury and jewellery sectors,” adds Michael McNamara,
vice president, research and analysis for MasterCard Advisors
SpendingPulse, which follows retail sales across all payment forms .” “.He
also notes that strong sales of specialty apparel in June were helped
by easy year-on-year comparisons, “given that in April 2010 this sector
started to record some weakness that lasted a few months.” .” “.Tony Buccina, vice chairman and president of merchandising at department stores operator Bon-Ton Stores Inc, said the arrival of more seasonal weather in the second half of
June “led to the best sales performance of warm weather categories we
have experienced all season.” .” “.And JC Penney said its men’s apparel businesses saw “solid sales increases” thanks to
the Father’s Day shopping period – but was forced to lower its
same-store sales forecast for the second quarter .” “.Other department store rivals fared better, though, with same-store sales growth at Macy’s Inc up 6.7% in June, and Kohl’s up 7.5% .” “.Other winners included Victoria’s Secret operator Limited Brands Inc, which booked 12% same-store sales growth, as well as teen retailers Hot Topic( 0.4%), Buckle Inc.( 10.8%) andWet Seal( 7.3%). Even Gap Inc managed a gain, coming in with 1% growth .” “. .” ”
Date:7/10/2011
Source:Egytex.com