Given the enormous importance of this year's holiday shopping season, I'll be posting retailer-by-retailer results on the blog today.
ICSC's report is up and available for download (if you're an ICSC member). ICSC puts the same-store sales gain for December at 0.9 percent compared with last year based on its index of stores. (Last year same-store sales in December rose 3.3 percent over the prior year.) That makes it the weakest December since 2000 when same-store sales grew 0.7 percent. For the November/December period combined the picture looks better. ICSC is estimating that same-store sales rose 2.2 percent. That's the worst figure since 2002, but isn't so far off last year's gain of 2.9 percent.
Looking at things on a retailer-by-retailer basis, here's how things are shaking out. It gets a bit confusing because not every retailer is comparing to the same five-week period from a week ago. Some are including the first week in January in both years. Others are comparing the period ending January 5 this year to one ending December 30 last year. I've broken the data into two charts reflecting that. Also, some retailers are reporting nine-week rather than five-week figures. And lastly, some are reporting figures on a quarterly basis. For companies with multiple brands (like Gap, Charming Shoppes, TJX and others), I used the consolidated figures for the entire company rather than list all the chains separately.
These retailers reported sales for the five-week period ending January 5, 2008 compared with the five-week period ending January 6, 2007.
|Pier 1 Imports||+7.5%|
|BJ's Wholesale Club||+3.0%|
|Abercrombie & Fitch||-2.0%|
|The Bon-Ton Stores||-11.3%|
(Wal-Mart's periods end Jan. 5, 2007 and Jan. 4, 2008.)
These retailers reported sales for the five-week period ending January 5, 2008 compared with the five-week period ending Dec. 30, 2006.
|JoS. A Bank Clothiers||+2.0%|
|The West Seal||+0.6%|
|Wilsons The Leather Experts||-7.1%|
Some retailers reported figures for longer periods.
For nine-week periods ending January 5.
|Toys 'R' Us||+3.1%|
|Barnes & Noble||-0.4%|
For the most recently completed quarter.
|Eddie Bauer||+4.8% (Q ending 12/29)|
|Big 5 Sporting Goods||-4.7% (Q ending 12/30)|
|Tuesday Morning||-7.6% (Q ending 12/31)|
|bebe stores||-7.9% (Q ending 1/5)|
|Neiman Marcus||+2.9% (Revenues; 5-weeks ending 12/29/07 vs. 12/30/06)|
|Ulta||+4.6% (Six-week period from 11/18/07 to 12/29/07)|
|Finlay Enterprises||-5.9% (Nov. & Dec. combined)|
|Zale Corp.||-9.0% (Nov. & Dec. combined)|