December Sales Don’t Look So Hot

It probably doesn’t surprise many, but December same-store sales results that retailers are reporting this morning aren’t very uplifting so far. A quick scan of the damage looks like this: Kohl’s was down 11.4%, J. C. Penney dropped 7.5%, Limited Brands fell 8% and Zale Corp. dipped 9%.

In the case of J.C. Penney, a spokesman blames the results on a “challenging consumer environment” and a calendar shift, and other retailers with similar results are saying much of the same thing.

On a brighter note, Pier 1 Imports, which has had a rough go of it for quite a while now but is getting closer to profitability as of late, actually reported a 1.3% same-store sales gain. And Costco, which nearly always has strong results every month, posted a 7% gain.

Look for more detailed coverage on the GlobeSt.com retail page later this afternoon, after the International Council of Shopping Centers puts out its monthly sales report.

But in the meantime, how do you see the retail sales climate shaping up so far this year?

Advertisements

0 Responses to “December Sales Don’t Look So Hot”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Subscribe
Bookmark and Share

Archives

January 2008
S M T W T F S
    Feb »
 12345
6789101112
13141516171819
20212223242526
2728293031  

Ian Ritter on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

RSS GlobeSt.com’s Top Stories

  • An error has occurred; the feed is probably down. Try again later.

%d bloggers like this: