May Sales Send Mixed Signals
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Topline same-store sales held steady with a 5.7 percent gain in May, but showed the effects of higher fuel prices, Kantar Retail reported. The gain is up slightly from the 5.4 percent gain for the combined MarchApril period. The result was down from the Aprils 8.7 percent same-store sales gain, but much stronger than the 2.7 percent gain in May last year. Costco and Saks posted the biggest increases in retail sales at 17.2 percent, followed by Zumiez at 15.2 percent, Nordstroms at 12.9 percent and Neiman Marcus and Buckle at 12.7 percent. The biggest decliner was Destiny Maternity
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- Frank Badillo
- Neiman Marcus
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