In December alone, same-store sales increased 3.2%. Though some categories, like luxury and teen stores, performed well, retailers overall were still hindered by high gasoline prices that held back consumer spending, the survey says.
Wholesale clubs were one of the strongest-performing sectors of the industry, jumping 5.2%. Costco, with a 7% leap, was high above competitors Sam's Club, up 3.6%, and BJ's Wholesale, up 1.4%.
Within the department-store sector, luxury chains advanced 6.4%, while they increased 3.3% as a whole. Nordstrom shot up 7.7%, heading its peers, while Dillards was at the low end, inching up 1%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
