X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Retailers’ same-store sales inched up 0.5% year over year in January, making it the weakest January since this data was first compiled in 1969, according to the International Council of Shopping Centers’ monthly sales report. Stores were hurt a shortened calendar compared to the same period last year, less holiday gift-card redemptions and continuing challenges in the overall economy.

Retailers across sectors posted same-store sales losses during the month, with challenges not discriminating between discount or luxury chains. The only sector as a whole perform well were wholesale clubs, which rose 6.3% as a group, and were led by BJ’s Wholesale’s 7.8% gain.

All of the department stores in the report had negative results, and they collectively dropped 5.7%. On the discount end, Kohl’s slipped 8.3%, while luxury-focused Nordstrom fell 6.6%.

Apparel didn’t fare much better, dipping 3.8%. Chico’s FAS posted the biggest loss, at 22.1%, and was followed by an 8% slide at Limited Brands. Abercrombie & Fitch and Ann Taylor both came in flat.

Discounters came in flat as well. TJX Cos. rose 3%, and Wal-Mart inched up 0.2%. But Target, a strong performer much of last year, fell 1.1%.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.