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ICSC: September sales post 4.0% increase; drug stores strongest performing segment
New York -- U.S. chain-store sales posted a gain of 4.0% for the fiscal month of September on a year-over-year basis according to a tally compiled by the International Council of Shopping Centers. Excluding gasoline sales, the September tally would actually be +5.1%.
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Retailers report tepid same-store sales for September
New York -- Retailers reported somewhat disappointing same-store sales for September. While only a handful of chains still report their monthly revenues, the tepid results of those that do raised concerns about the upcoming holiday season.
Gap Inc. reported that its same-store sales in September 2013 net sales were down 3% versus a 6% increase for September 2012. Net sales were flat compared with last year, totaling $1.46 billion compared with net sales of $1.45 billion for the year-ago period.