Same-Store Sales Mixed in March
April 11, 2013,
NEW YORK-U.S. retailers tracked by HFN reported differing results in same-store sales last month.
Costco had the healthiest month with a comparable-club increase of 5 percent for its U.S. locations (6 percent when gasoline sales are included). Ross Stores' same-store sales edged up 1 percent last month. The TJX Cos. reported a 2 percent drop in same-store sales for their various nameplates.
Michael Balmuth, Ross' vice chairman and CEO, said the chain's same-store performance was better than the company's projection for a 1 to 2 percent decline. Easter Sunday store closures, which occurred in March this year, had an impact on Ross' results as well.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.