I have a new hero and his name is Jim von Maur, president of the Von Maur Department Store chain. While the debate rages on whether or not it is "right" for retailers to open their stores on...
March retail sales rose 6.9 percent in March, outpacing the expected 5.3 percent gain, The Wall Street Journal reported. The number compares to last year's growth of 1.7 percent. Sales were helped by unseasonably high temperatures in many parts of the country, and Easter falling two weeks earlier on the calendar than in 2
Kohl’s Corporation (NYSE: KSS) reported today that for the five-week month ended March 31, 2012 total sales increased 5.3 percent and comparable store sales increased 3.6 percent over the five-week month ended April 2, 2011. Year to date, total sales have increased 3.6 percent and comparable store sales have increased 1.8 percent. Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “Warmer weather and an earlier Easter combined to help improve our sales trend, especially in certain regions and businesses. The cold weather regions – Midwest, Mid-Atlantic and Northeast – outperformed the company. Children’s apparel, driven by Easter
It seems even high prices at the pump can't keep the Easter Bunny away this year. According to NRF's Easter spending survey, Americans will shell out an average of $145.28 on everything from apparel and candy to food and decorations this year, up 11 percent from $131.04 last year.
New York City -- Luxury, high-end jewelry and e-commerce enjoyed strong growth in May, as did the restaurant category, according to MasterCard Advisors SpendingPulse, which tracks national retail and services sales. Apparel also continued to show gains, the report found, while housing-related sectors such as furniture, electronics and appliances all saw sales decline compared with the same period in 2010. “Because the late Easter holiday boosted April’s year-over-year comparisons in some sectors, the May growth rates can look flattened by comparison, especially in apparel, luxury, and groceries where the growth rates were only about half what they were in
News Breaks May 5th, 2011NEW YORK ? Costco Wholesale Corp. and BJ's Wholesale Club Inc. turned in healthy same-store sales gains in April.Costco said Thursday that same-store sales in the United States, excluding gas inflation, rose 6% in April. That beating financial analysts' forecast for a 4.3% increase. The chain reported that inflation was affecting groceries as well, noting that food companies were passing on the increased cost of ingredients and shipping. Fresh food prices at the warehouse club operator rose by mid-to-high single digits, the company noted. Internationally, Costco saw comparable-store sales surge 10%, excluding fuel business. That