Wholesale clubs, posting a 6.5% gain, fared the best in thisenvironment. Costco was the category leader with a 7% rise, whileWal-Mart's Sam's Clubs were up 6.4%.
The weakest sector covered in the survey was apparel, in whichchains slid 0.6%. Abercrombie & Fitch took the biggest dive,dropping 6%, while Ann Taylor followed with a 4.6% slip. UnitedRetail Group, the owner of Avenue chain, fared the best with a 4%increase.
Department stores, up 2.2%, reported mixed results. Kohl'ssoared to a 10.5% hike and Nordstrom shot up 6.5%. But Macy's,formerly Federated Department Stores, the nation's largest chain,fell 3.3%, and Dillard's and JC Penney each dropped 2%.
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.
