In an effort to provide our readers with the most comprehensive coverage of the current retail climate as possible, Transworld Business has developed a monthly column we're calling Retail Round Up. In this installment we examine how a sample of specialty stores and department stores are performing based on same-store sales results over that past seventeen months.
Click On Chart To Enlarge
As the chart illustrates above, May was a difficult month for both specialty and department stores. Even The Buckle, which has been incredibly successful amidst a tough economy saw it’s May comps drop to 13.4 %. While this is signifiacnatly better than the rest of the retailers in the chart, it is also the lowest comp-store sales The Buckle has seen over the past seventeen months.
Zumiez, which posted a -20.7 % comp in May, also hit it’s low point for the seventeen month time frame. As did teen retailer Hot Topic, which posted a -6.4 % comp in May.
Although the numbers were low, in most instances they were in line with what retail analysits predicted. Let’s hope Summer weather conditions and back-to-school shoppers will help turn these numbers around in the coming quarter.