Apparel dropped by 4.1%, with Chico's FAS plunging 14.9% andLimited Brands falling 9%. Chains that fared better than mostincluded Ross Stores, up 4%, and Cato Corp, which rose 3%.

All of the department stores in the survey fell, and the groupslid 3.3% as whole. Luxury chain Nordstrom took the hardest hit,slipping 5.8%, while the lower-priced Kohl's fell as well, by 3.8%.Macy's Inc., meanwhile, has stopped reporting monthly sales.

Wholesale clubs seemed to thrive in the current economicdownturn. Costco shot up 7%, BJ's Wholesale advance 5.9%, andWal-Mart's Sam's Club was up 5.2%. Discounters also had relativelystrong results, rising 2.1%, in part because of Wal-Mart'sbetter-than-expected 2.5% turnout.

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.