Wholesale clubs were the best-performing sector in the industry, posting a 6.2% gain. Costco shot up 9%, followed by Sam's Club's 3.5% gain. BJ's Wholesale inched up 0.9%.

Department stores, with a 3,6% increase, came in below their monthly average gain of 3.6%. High-end chain Nordstrom soared up 9%, while Federated Department Stores came in with a 4.4% rise. Struggling Dillards posted a 5% drop.

Apparel chains were hit the hardest, falling 0.9% as a group. Gap Inc. plummeted 8%, Deb Shops sank 7.5% and Cato Corp. dropped 6%. Strong gains were posted by American Eagle Outfitters, rising 13%, and Limited Brands, up 4%.

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
NOT FOR REPRINT

© 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.