U.S. Retailers Reports Healthy Same-Store Sales Gains in April

Same-store sales rose 8 percent for TJXSame-store sales rose 8 percent for TJX

NEW YORK-Fueled by stronger economic fundamentals, retail chains tracked by HFN reported healthy increases in April same-store sales.

The TJX Cos. said same-store sales last month rose 8 percent for all of its nameplates combined. Ross Stores posted an increase of 7 percent. Costco's gain was 4 percent, not counting sales of gasoline; factoring in gas sales, Costco's April increase was 6 percent.

Noting that Ross' increase came on top of a 7 percent pickup in April of last year, Michael Balmuth, vice chairman and CEO, said this year's gain was above Ross' expectations for the month. Balmuth attributed the result to "our ongoing ability to deliver compelling bargains to today's value-focused customers."

Carol Meyrowitz, CEO of TJX, said the company's consolidated increase was at the high end of its expectations for April. "Customer traffic drove comp increases in all divisions," Meyrowitz said, "as consumers responded to our extremely fresh selections of branded spring apparel."

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money