NEW YORK CITY-Retailer’s same-store sales came in at 2.9% year over year in August, with Wal-Mart improving by 3%, according to a monthly International Council of Shopping Centers report. Chains overall recorded a 2.6% gain in July, when Wal-Mart inched up 1.9%.

Wal-Mart attributed its increase to a jump in sales in a variety of product categories. Same-store sales at the largest retailer in the world’s discount stores rose 2.8%, while its Sam’s Club wholesale units recorded a 4% rise.

As an individual sector, apparel had a stronger performance in August, when it increased 1.9%, compared to a 4.3% dive in July. Abercrombie & Fitch had a leading 6% gain, followed by a 4% rise at Ross Stores. Chico’s FAS fell 9.3%.

Department stores took a downward turn overall, inching up 0.5%, in contrast to a 3% July gain. Dillard’s continued its trend of monthly declines this year, with a 5% drop, while J.C. Penney dipped 4%. Nordstrom was a strong performer, with a 6.6% jump.

One unusual development for the month was a 2% gain by Costco, which has produced an average month increase of 5.6% year to date. Target’s 6.1% increase was the same hike as July’s.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

Dig Deeper

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.