FINANCE

Ann Taylor Comp-Store Sales Down 4.3%

BY CSA STAFF

New York City, Ann Taylor Stores Corp. on Thursday said comp-store sales declined 4.3% in November. For the four weeks ended Nov. 25, the company’s flagship Ann Taylor stores posted a 3.4% decline in comp-store sales, while its Ann Taylor Loft stores posted a 7.7% decline.

In the year-ago period, the stores posted comp-store sales gains of 18.6% and 10.2%, respectively. Total monthly sales increased 2.1% to $186.4 million from $182.5 million a year ago. By segment, Ann Taylor stores contributed $73.3 million in sales, while Ann Taylor Loft stores generated $86.2 million.

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FINANCE

Aeropostale Comp-Store Sales Rise

BY CSA STAFF

New York City, Aeropostale on Wednesday said its November comp-store sales rose a meager 1% compared with a 7.3% gain in the same period last year. Total sales for the four-week period ended Nov. 25 advanced 11.5% to $149.7 million, compared to $134.3 million during the same period last year.

For the year-to-date, comp-store sales rose 1.7% compared with a 0.9% gain last year. Total sales increased 16.9% to $1.06 billion from $903.4 million during the same period a year ago.

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FINANCE

Weak November for Wal-Mart

BY CSA STAFF

Chicago, Wal-Mart Stores Inc. predicted a rare decline in monthly sales on Saturday, even as shoppers crowded stores on Black Friday. Wal-Mart estimated that November comp-store sales fell 0.1% at its U.S. stores open at least a year, marking the company’s first monthly comp-store sales decline since April 1996.

The retailer will provide a final monthly sales report, including details of Black Friday sales, on Thursday. Wal-Mart had expected comp-store sales to be flat compared with the same period last year, which many Wall Street analysts had viewed as disappointing. Wal-Mart’s four-week November sales period ended on Friday.

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