September 4, 2008 / 4:35 PM / 10 years ago

UPDATE 1-TABLE-U.S. retailers' August same-store sales

 (Adds total sales, comments)
 Sept 4 (Reuters) - The following table lists select U.S. retail companies that have reported August sales at stores open at least a year, a key retail measure also known as same-store sales.
 The table has the mean of analysts’ same-store sales estimates# compiled by Thomson Reuters Estimates, the actual same-store sales reported by the companies~, as well as total sales* for the month and its change over last year.
 All figures are expressed in percentage change over the same period last year, except the total sales figure.
                                      AUGUST 2008
                                  Same-store sales          Total sales   Company            Symbol         Estimate#   Actual~     Value*         Change      Comments ================================================================  =========================================================== Discount Stores ————————————————————————————————  —————————————————————————————- Wal-Mart##         (WMT.N)           1.6         3.0       $30.67 bln      8.7        Sales were strongest in grocery and
                     “health and wellness,” which
                     includes medicines. School and
                     college offerings, including denim
                     products, licensed apparel, school
                     supplies and home furnishings, did
                     well. For September, it expects
                     U.S. same-store sales, excluding
                     fuel, to increase 2 percent to 3
                     percent.  Target             (TGT.N)          -2.6   -2.1    $4.85 bln 
3.1        It saw strong sales in
                     non-discretionary healthcare and
                     food categories. Jewelry,
                     accessories, home assortments,
                     ladies and men’s apparel sales
                     fell. The U.S. West and Southwest
                     were the weakest. It forecast
                     September same-store sales to be
                     down 1 percent to up 1 percent,
                     with greater than normal volatility
                     due to current and expected
                     tropical storm activity.  Costco^^          (COST.O)           9.9   9.0      $5.41 bln
12.0        While higher gasoline prices helped
                     U.S. comps, foreign exchange rates
                     hurt international same-store
                     sales. Its food business saw
                     increased sales, while tobacco
                     sales trended downward. Strongest
                     U.S. results came from the
                     Southeast, Midwest, Northwest and
                     Texas regions, while California
                     continued to lag.  BJ’s Wholesale^^    (BJ.N)          14.1        15.4       $774.4 mln     17.0        Sales were driven by higher
                     gasoline prices and increased sales
                     in food and general merchandise.
                     Bakery, coffee, computer equipment,
                     dairy and health and beauty were
                     among the strongest departments.
                     The U.S. Southeast and upstate New
                     York had the highest sales
                     increases.  TJX Cos            (TJX.N)           2.1        flat        $1.50 bln      4.0        Same-store sales were hurt by about
                     1 percent by foreign currency
                     exchange rates. Comp sales were
                     flat at Marmaxx, down 4 percent at
                     HomeGoods and up 4 percent at A.J.
                     Wright. It expects September
                     same-store sales to rise 2 percent
                     to 3 percent.  Family Dollar      FDO.N           3.0         3.6       $523.7 mln      5.9       Total sales were strongest in the
                     consumables category, while apparel
                     sales were soft.  Ross Stores       (ROST.O)           2.9  3.0    $504.0 mln     9.0        Dresses, accessories and shoes were
                     the strongest categories.
                     Children’s posted a mid-single
                     digit sales increase, helped by
                     back-to-school shopping. Texas and
                     the mid-Atlantic region were the
                     best-performing markets. For
                     September and October, it continues
                     to see same-store sales gains of 2
                     percent to 3 percent. ————————————————————————————————  —————————————————————————————- Department Stores ————————————————————————————————  —————————————————————————————- Kohl’s             (KSS.N)          -7.8        -5.8        $1.26 bln      2.6        Stores continued to experience
                     weakness in the Southern and
                     Southwest states. Footwear and
                     children’s apparel performed well,
                     while juniors and young men’s
                     apparel continued to show weakness.  JC Penney          (JCP.N)          -6.3        -4.9        $1.51 bln     -3.2        Women’s apparel and family shoes
                     divisions performed well while fine
                     jewelry and home goods saw the
                     weakest sales. The U.S. Central and
                     Northwest regions performed the
                     best and the Southeast lagged. It
                     forecast September same-store sales
                     to fall in the mid- to high-single
                     digits. It expects some negative
                     impact in sales due to hurricanes
                     affecting the Southeast.  Nordstrom          (JWN.N)          -7.1        -7.9       $558.0 mln     -4.2        Strongest sales were in cosmetics,
                     designer products across all
                     categories and women’s active wear,
                     intimates and hosiery. The U.S.
                     South, Northwest and mid-Atlantic
                     had the strongest results. 

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