ShopperTrak Report: Year-over-year weekly sales dip 0.6%
Chicago A report released Thursday by ShopperTrak said that year-over-year GAFO (general merchandise, apparel, furniture, sporting goods, electronics, hobby, books and other related store sales) retail sales declined 0.6% for the week ending July 31, while sales edged up 0.4% versus the previous week ending July 24.
According to ShopperTrak’s National Retail Sales Estimate (NRSE), year-over-year sales dipped as retailers experienced the expected lull that arrives just prior to the back-to-school spending rush.
ShopperTrak said it anticipates both sales and traffic to increase this week and it expects sales for the full back-to-school to season to increase 3.5% with total U.S. foot traffic sliding 1.4% for the period.
“Annually the days leading into back to school are slow, so retailers were most likely prepared for the flat sales and traffic performance last week,” said Bill Martin, co-founder of ShopperTrak. “The majority of these retailers already have back-to-school promotions in full swing, which should translate into strong numbers throughout the month of August, a period just behind the holiday season in terms of performance on the retail calendar.”
Whole Foods 3Q sales up 15%
AUSTIN, Texas Whole Foods Market reported that sales for the third quarter ended July 4 increased 15% to $2.2 billion. Comparable-store sales increased 8.8%, or 6.3% on a two-year stacked basis. Identical-store sales, excluding three relocations, increased 8.4%, or 4.6% on a two-year stacked basis.
Income available to common shareholders increased 88% to $65.7 million from $35 million last year,and diluted earnings per share increased 53% to 38 cents.
“We are pleased with our results which compare very favorably to most other food retailers and show we are continuingto gain market share. Our identical-store sales increased 8.4%, accelerating from the second quarter and our highestincrease since 2006. Despite tougher comparisons and the recent dip in reported consumer confidence, our two-yearstacked identical-store sales also sequentially increased to 4.6%,” said John Mackey, co-chief executive officer and co-founderof Whole Foods Market.
DSW reports quarterly sales growth
COLUMBUS, Ohio DSW announced net sales for the second quarter ended July 31 increased 12.3% to $415.1 million compared with $369.5 million for the quarter ended Aug. 1, 2009. Same-store sales increased 12% for the comparable period versus a decrease of 2.9% last year.
The company said it now estimates an annual comparable-store sales increase of approximately 7% to 9% and annual diluted earnings per share of approximately $1.80 to $1.95 for fiscal 2010. This is updated from the company’s previous estimate of an annual comparable store sales increase of approximately 6% to 8% and annual diluted earnings per share of approximately $1.65 to $1.75 for fiscal 2010. Fiscal 2009 annual diluted earnings per share were $1.23.