Retail Sales Roundup
Stage Stores Inc (NYSE: SSI) reported a 1.7% drop in its August sales at stores open at least one year. Analysts were expecting same-store sales to surge 0.5%. Stage Stores' total sales for the four weeks ended August 27 declined 0.9% to $113 million.
Wet Seal Inc (NASDAQ: WTSLA) reported a 5.5% rise in its August revenue at stores open at least a year. Analysts were expecting a rise of 4.2%. Wet Seal's net revenue surged 10.3% to $58 million.
Target Corp (NYSE: TGT) reported a 4.1% rise in its revenue at stores open at least a year in August. Analysts were expecting a 3.5% increase. Target's total revenue for the four weeks ended August 27 climbed 5.4% to $5.29 billion.
Ross Stores Inc (NASDAQ: ROST) reported a 4% rise in its comparable store sales in August. Ross Stores' sales surged 8% to $659 million for the four weeks ended August 27, 2011, from $608 million.
Destination Maternity Corp (NASDAQ: DEST) reported more-than-expected drop in its August same-store sales. Destination Maternity's same-store sales for the period declined 5.7%. However, analysts were expecting a 1.8% decline. Destination Maternity's total August sales surged 4.7% to $44.9 million from $42.9 million.
The Buckle Inc (NYSE: BKE) reported an 8.3% surge in its revenue at stores open at least a year in August. Analysts were expecting a 4.5% rise in revenue at stores open at least a year. Buckle's overall net sales for August climbed 11.9% to $95.3 million.
Macy's Inc (NYSE: M) reported a 5% rise in its August same-store sales. Its total sales surged 4.9% to $1.716 billion for the four weeks ended August 27, 2011.
Pier 1 Imports Inc (NYSE: PIR) reported a 10.8% rise in its comparable-store sales for the fiscal second-quarter. Pier 1's quarterly total sales climbed 9.7% to $340 million.
Limited Brands Inc (NYSE: LTD) reported an 11% rise in its August sales at stores open at least one year. Analysts were expecting same-store sales to surge 4.2%. Limited Brands' net sales for the four weeks ended August 27 jumped 11.4% to $702.4 million.
Rite Aid Corporation (NYSE: RAD) reported a 2.5% rise in its same store sales for the five weeks ended August 27, 2011. Total drugstore sales for the five-week period climbed 2.5% to $2.402 billion, from $2.343 billion, in the year-ago period.
Fred's Inc (NASDAQ: FRED) reported a 1.6% rise in its comparable store sales for August. Its total sales surged 3% to $137.8 million from $134.3 million in August 2010.
The Bon-Ton Stores Inc (NASDAQ: BONT) reported a 4.7% drop in its comparable store sales for the four weeks ended August 27, 2011. Its total sales dropped 5.4% to $177.1 million for the period.
Gap Inc (NYSE: GPS) reported a 3% drop in its August 2011 net sales. Gap's comparable sales for the month, which include the associated comparable online sales, dropped 6%.
BJ's Wholesale Club Inc (NYSE: BJ) reported that its sales for August 2011 surged 14.9% to $901.6 million from $784.8 million. Its comparable club sales for the month climbed 11.5%, including a contribution from sales of gasoline of 3.6%. Excluding the impact of gasoline, merchandise comparable club sales surged around 7.9%.
Kohl's Corporation (NYSE: KSS) reported a 1.9% drop in its comparable store sales for the four-week month ended August 27, 2011. Its total sales dropped 0.1% for the period.
The Cato Corporation (NYSE: CATO) reported a 3% decline in its August same-store sales. Its sales for the four weeks ended August 27, 2011 dropped 2% to $60.6 million.
J. C. Penney Company Inc (NYSE: JCP) reported a 1.9% drop in its comparable store sales for the four-week period ended August 27, 2011. Its total sales declined 4.5% for the month.
Saks Incorporated (NYSE: SKS) reported a 6.1% rise in its comparable store sales for the four weeks ended August 27, 2011. It reported that owned sales for the period came in at $168.0 million, versus $159.3 million for the four weeks ended August 28, 2010.
