X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

To the surprise of few, wholesale clubs and discounters had the strongest sales in February, as the economy continues to smack down consumers. Costco’s same-stores sales rose 7% year over year, and Wal-Mart’s chains advanced a solid (for this environment) 2.6%.But February’s results still left us with some questions.Apparel chains and mid-priced department stores getting hit makes sense. But weren’t a lot of people saying the luxury chains were largely immune to a slowdown? That certainly hasn’t proven true in the case of industry-favorite Nordstrom, which posted a 5.8% decline last month to follow up a 6.6% January slide.And what is going on with Target? The retailer, which regularly outpaced Wal-Mart in same-store sales growth has lagged behind the last three months, most recently inching up only 0.5%. Is the company just faced with tough comparisons to last year’s sales, or is its bigger rival better equipped to deal with a downturn?

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?

Dig Deeper

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.