It probably doesn't surprise many, but December same-store sales results thatretailers 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 theresults on a "challenging consumer environment" and a calendarshift, and other retailers with similar results are saying much ofthe same thing.On a brighter note, Pier 1 Imports, whichhas had a rough go of it for quite a while now but is gettingcloserto profitability as of late, actually reported a 1.3% same-storesales gain. And Costco, which nearly always has strong resultsevery month, posted a 7% gain.Look for more detailed coverage onthe GlobeSt.com retailpage later this afternoon, after the International Council of ShoppingCenters puts out its monthly sales report.But in the meantime,how do you see the retail sales climate shaping up so far thisyear?

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
NOT FOR REPRINT

© 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.