Retail Sales Lag
Costco Wholesale Corp. and Target reported their same store sales slid last month, with Costco falling 7 percent and Target seeing a drop of 6.1 percent — much bigger than the 4.3 percent industry analysts predicted.
"There's general softness across the board, as consumers continue to face rising unemployment, falling home values and rising gas prices," said Ken Perkins, president of retail consulting firm Retail Metrics LLC.
Same-store sales at Macy's, the second-largest department store chain in the country, dropped 6 percent, and sales at Abercrombie & Fitch plummeted 28 percent. Saks' sales plunged 27 percent, and Nordstrom saw its sales decline more than 13 percent. Old Navy posted a 3 percent increase.
The retail sales results do not include Wal-Mart, the world's largest retailer. Officials with Wal-Mart Stores Inc. have stopped releasing monthly sales data.
According to a tally by Thomson Reuters, 13 retailers missed estimates,. For spring, Max Azria gives us the signature herve leger bandage dress in bright hues and strapless editions. five retailers beat estimates and one matched expectations.juicy couture outlet Discretionary spending on items such as toys, accessories and department store luxuries continued to decrease, while sales of essential items were on the upswing. Food sales increased at bulk discount stores — including Costco and BJ's Wholesale Club — despite falling sales of other items.
The largest increases in initial claims for the week ending May 23 were in Illinois, Iowa, South Carolina, Texas and Wisconsin, the report said.".This is fashion wholesale online shop, a pioneer of an Internet garment company. We mainly focus on selling Japanese and Kore Conversely, North Carolina, Michigan, Ohio, Tennessee, and Connecticut saw the biggest decreases in new claims.. Shoes are very important to everyone, Our Ed hardy shoes will protect your feet.
Despite the slight improvement in unemployment figures, retailers reported disappointing sales in May even among discount chains.
Costco Wholesale Corp. and Target reported their same store sales slid last month, with Costco falling 7 percent and Target seeing a drop of 6.1 percent — much bigger than the 4.3 percent industry analysts predicted.
"There's general softness across the board, as consumers continue to face rising unemployment, falling home values and rising gas prices," said Ken Perkins, president of retail consulting firm Retail Metrics LLC.
Same-store sales at Macy's, the second-largest department store chain in the country, dropped 6 percent, and sales at Abercrombie & Fitch plummeted 28 percent. Saks' sales plunged 27 percent, and Nordstrom saw its sales decline more than 13 percent. Old Navy posted a 3 percent increase.
The retail sales results do not include Wal-Mart, the world's largest retailer. Officials with Wal-Mart Stores Inc. have stopped releasing monthly sales data.
According to a tally by Thomson Reuters, 13 retailers missed estimates,. For spring, Max Azria gives us the signature herve leger bandage dress in bright hues and strapless editions. five retailers beat estimates and one matched expectations.juicy couture outlet Discretionary spending on items such as toys, accessories and department store luxuries continued to decrease, while sales of essential items were on the upswing. Food sales increased at bulk discount stores — including Costco and BJ's Wholesale Club — despite falling sales of other items.
The largest increases in initial claims for the week ending May 23 were in Illinois, Iowa, South Carolina, Texas and Wisconsin, the report said.".This is fashion wholesale online shop, a pioneer of an Internet garment company. We mainly focus on selling Japanese and Kore Conversely, North Carolina, Michigan, Ohio, Tennessee, and Connecticut saw the biggest decreases in new claims.. Shoes are very important to everyone, Our Ed hardy shoes will protect your feet.
Despite the slight improvement in unemployment figures, retailers reported disappointing sales in May even among discount chains.
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