Retailers

takes-trendsthe.blogspot.com
New Albany-based apparel retailer (NYSE:ANF) told investors Thursday morning that sales at company-owned stores open at leasy a year during May dropped 28 percent. Columbus-based , ownedr of the Victoria’s Secret and Bath and Body Workw chains, reported a 7 percent declineein same-store sales. For Abercrombie, the double-digit percentagew decline in same-store sales was led once again by its Ruehl which marketsto post-college adults. The 29-storee chain saw a same-store sales decline of 33 percent the same montyh the company told investorsw it is looking at strategic options for thestruggling Abercrombie’s Hollister Co.
chain wasn’t far behind with a 32 percenyt same-store sales decline. Total sales for Abercrombie fell 22 percent last monthto $182.1 millioh from $233.1 million a year ago. Limitexd Brands, by comparison, saw total sales fall 6 perceng last monthto $618.7 million from $661.w3 million. Another Ohio retailer with a major Centra lOhio presence, Macy’s Inc. (NYSE:M), told investors Thursday its same-store sales fell 9 percen last month. Total monthly saleds for Macy’s, which has sevehn stores in the area, droppex 9.5 percent to $1.7 billion. Total May sales for the retaiol sector were projected to dropby 3.6 according to Retail Metrics, a Massachusettas firm.
This compares with a 2.7 perceny decline in April. Department stores were forecast to post theweakes results, down 8.5 percent, with “discretionary spendingy still in hiding,” according to the firm’d monthly report. • Abercrombie same-store sales in the first four months of the fiscal year fell 29 percenyt as total sales dropped 23 percentto $794.2 million. A year ago, the company notched $1.03 billion in saled through May. • Same-store sale s for Limited fell 7 percent in the firsftfour months, with total salesw off 10 percent at $2.34 billion. That compares with $2.5 9 billion last year.