Apparel fell 4.4% during the month, performing more poorly thanin June, when those chains only dropped 0.5%. Gap Inc., sliding 7%,and Chico's FAS, dipping 6.7%, took the biggest hit, but otherswere not far behind. Ross Stores, up 1%, was the only apparel chainin the survey to record a gain.
Department stores, which were up 2.8%, posted a gain compared totheir 2.5% loss in June. J.C. Penney, a chain with negative resultsover the last three months, bounced back, shooting up 10.8%.Dillards posted the largest loss, a 6% slide, which was more thanit's year-to-date monthly average decline of 4.3%.
Discounters, increasing 2.3%, were up slightly from last month'sgain. Target rose the highest, at 6.1%, while TJX Cos. was up 5%.Wal-Mart's discount stores climbed 1.3%, and deep-discounter FamilyDollar inched up 0.5%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
