Chains Lose Ground in April Sales

NEW YORK-As anticipated, same-store sales at the nation's major retail chains backed up somewhat in April.

Comparable-store sales at Kohl's fell 7.7 percent last month from April of last year, while Target experienced a 5.9 percent loss in same-store checkouts and Dillard's comp-store number fell back 5 percent. J.C. Penney reported a 3.3 percent downturn in its same-store sales.

The gainers were topped by TJX with a 4 percent pickup, followed by Costco with a 3 percent increase in U.S. comparable-store sales, Macy's with a 1.1 percent gain and BJ's Wholesale Club with a 0.8 percent rise (both warehouse-club numbers factor out gasoline sales).

The slow April came as no surprise to the chains. In statements accompanying their reports on the strong March same-store sales results, the retailers said they expected April to be a weaker month for sales. The March results--which included double-digit gains by Kohl's, Macy's, Target and TJX--received a significant boost from Easter, which was early in April.

The retailers who commented on their April results noted that their combined March-April same-store sales accelerated strongly over March and April of last year. Kohl's said its comp-store results for the two months improved by 8.8 percent, while TJX said its same-store sales for March and April were up 9 percent. Macy's said its two-month figures rose 6.2 percent, Dillard's same-store sales increased 2 percent and Target's comparable store sales rose 3 percent.

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

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.