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Sam’s is somewhere in the middle
Rain and snow dealt the club channel a blow during December, as Costco was impacted by heavy rain in California and BJ’s felt the sting of blizzards in the Northeast. Sam’s was impacted too, but Costco and BJ’s have a higher concentration of stores in those areas so it is likely the effect was less.
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White Christmas takes toll on Dec. dept. store sales
NEW YORK -- On the heels of a strong November, some department store retailers reported surprisingly weak December revenue. Results were impacted by a blizzard in the Northeast, which took a bite out of sales after Christmas.
The results raised some worries that the holiday season might be less stellar than some had hoped. Still, much of Wall Street still predicts that November and December spending will show the largest annual increase since 2006.