Total revenue figures for many retailers looked stellar, thanks to an extra week in their January fiscal calendars.
Many retailers enjoyed nice double-digit gains in same-store sales, led by Kohl’s (up 13.3 percent). Nordstrom was up 11.4 percent and Macy’s was up 11.7.
Next month the growing host of major retailers that have decided to eschew the tradition of reporting monthly sale figures will include Target, Bon-Ton, Stage Stores and Kohl’s.
In a statement, Bon-Ton said, “This will align the company’s sales reporting with most of its public company competitors and other specialty apparel retailers.”
In a startlingly refreshing display, Gap Inc. released a statement that said, “As part of Gap Inc.’s ongoing commitment to provide frequent and transparent financial information, the company today announced plans to continue monthly sales reporting.”
Nordstrom: Same-store sales up 11.4 percent, almost double the 6 percent gain Wall Street expected. Total sales were up 38.4 percent to $951 million—thanks to an extra selling week in the fiscal year calendar. Excluding the fifth week, total sales were up 14.9 percent.
Bon-Ton: Same-store sales fell 0.4 percent but total sales were up 15.2 percent to $200.8 million. That big increase is attributed to the fifth week in Bon-Ton’s January fiscal calendar. Bon-Ton will cease reporting same-store sales next month.
Macy’s Inc.: Same-store sales up an impressive 11.7 percent, the retailer’s biggest month in a year. This beat analysts’ predictions of a 6.4 percent gain. Total sales were up 34.6 percent to $1.8 billion.
Mid-Tier and Mass:
Costco: Same-store sales rose 4 percent in U.S. stores, excluding gasoline. Total sales up 7 percent to $9.35 billion.
Kohl’s: Same-store sales rose 13.3 percent. Total sales were up 34.1 percent to $1.132 billion. Excluding the fifth week of fiscal January, total sales were up 14.1 percent. Kohl’s will cease reporting monthly same-store sales next month.
Stage Stores: Same-store sales rose 10.5 percent. Total sales were $100 million. Stage Stores will cease reporting monthly same-store sales next month.
Target: Same-store sales were up 3.1 percent. Total sales up 29.6 percent to $5.973 billion. Target has said it will cease reporting monthly same-store sales for fiscal 2013, which starts next month.
TJX Companies: Same-store sales were up 3 percent. Total rose to $1.9 billion.
Stein Mart: Same-store sales rose 4.6 percent. Total sales increased 31.3 percent to $78.9 million for the five-week fiscal January.
Ross Stores: Same-store sales were up 4 percent. Total sales were up 39 percent to $672 million for the five week of fiscal January.
Specialty and Catalog:
Gap Inc.: Same-store sales were up 8 percent. By division, same-store sales were up 8 percent at Banana Republic, up 12 percent Old Navy and up 8 percent at Gap stores. Total sales rose to $1.13 billion.