Same-store sales show modest growth in May

New York – Same-store sales generally showed modest growth in May 2015, on the whole meeting Wall Street analyst expectations. The apparel vertical in particular generally outperformed analyst predictions, although Gap, Banana Republic and Zumiez all reported negative same-store sales growth.



Following is a review of May same-store sales by vertical:



Apparel

Banana Republic: – 5%

The Buckle: 2.4%

Gap: – 6%

L Brands: 5%

Old Navy: 6%

Stein Mart: 1.9%

Zumiez: - 2.2%



Discount

Costco: Flat

Fred’s: 0.3%



Drug

Rite Aid: – 2.1%



Electronics

Conn’s: 4%