April same-store sales were better than expected for several retailers.
Here is a report for some chains that carry action sports brands and a few competitors.
Same-store sales measure sales at stores open at least 12 months and compare results to the same period last year. It is considered the best indicator of a retailer’s top line performance because it does not includes sales from new stores.
Zumiez
We reported the top line results yesterday and that results were better than expected. Here are some more details.
April same-store sales: down 13.8 percent
Q1 same-store sales: down 15.3 percent
Week 1 – up 20 percent
Week 2 – down 21.4 percent
Week 3 – down 19 percent
Week 4 – down 19 percent
Strong category: footwear
Weak categories: Men’s, junior’s and boys apparel, accessories, hardgoods.
Regions: Stores west of Texas performed worse than than the rest of the chain and comped down in the high negative teen range.
Notes: Results were better than expected and the company raised its Q1 earnings guidance.
The Buckle
April same-store sales: up 18.2 percent
Q1 same-store sales: up 17.7 percent
April total men’s sales: up 8 percent
Strong men’s categories: denim, woven shirts, active apparel
Total women’s sales: up 39 percent
Strong women’s categories: denim, knit tops, active apparel, accessories, footwear
Accessories: up 40.5 percent
Footwear: up 26.5 percent
Urban Outfitters
First quarter results
Total company same-store sales, including direct segement: down 7 percent
Urban Outfitters stores: down 6 percent
Anthropologie stores: down 13 percent
Free People stores: down 23 percent
Three chains combined: down 9.6 percent
Notes: The company said the sales trend improved the latter half of April.
American Apparel
April same-store sales: down 7 percent
Macy’s
April same-store sales: down 9.1 percent
Q1 same-store sales: down 9 percent
Notes: April same-store sales were consistent with company expectations. Macy’s said Q1 earnings will be better than current Wall Street estimates.
Nordstrom
April same-stores sales: down 10.8 percent
Q1 same-stores sales: down 13.2 percent
Strong categories: women’s coats and dresses, junior’s apparel
Strong regions: Mid-Atlantic, South
Hot Topic
Total same-store sales: up 3.1 percent
Hot Topic stores: up 5 percent
Torrid stores: down 2.8 percent
Total Q1 same-store sales: up 7.1 percent
Hot Topic stores: up 9.6 percent
Torrid stores: down 1.7 percent
Notes: April sales were weaker than expected.
Abercrombie & Fitch
Total same-store sales: down 22 percent
Abercrombie & Fitch stores: down 17 percent
Abercrombie stores: down 27 percent
Hollister: down 26 percent
Ruehl: down 30 percent
Â
