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May same-store sales fizzle
With a couple of exceptions, May same-store sales figures reported by several major apparel, specialty and discount chains were less than impressive.
First the good news. Bath & Body Works reported a 3% same-store sales lift for May 2016 compared to the same month a year earlier. Same-store sales at Costco Wholesale Corp. and L Brands were flat, which may not sound that encouraging but was better than most other retailers reporting figures for the month.
Here is a roundup of other chains reporting negative same-store sales growth for the month.
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Canadian outdoor brand expanding its store footprint
A company named after the first reptile to develop the feather for flight is opening freestanding stores.
Arc’teryx Equipment, a Canadian manufacturer and retailer of high-performance outdoor apparel and equipment, will open a store in Manhattan’s SoHo neighborhood this July. It will follow that up with a store in Chicago’s Buckhead neighborhood in August, and one at Toronto’s Yorkdale Mall in October, giving it a total of 11 locations.

