Wholesale clubs, posting a 6.5% gain, fared the best in this environment. Costco was the category leader with a 7% rise, while Wal-Mart's Sam's Clubs were up 6.4%.
The weakest sector covered in the survey was apparel, in which chains slid 0.6%. Abercrombie & Fitch took the biggest dive, dropping 6%, while Ann Taylor followed with a 4.6% slip. United Retail Group, the owner of Avenue chain, fared the best with a 4% increase.
Department stores, up 2.2%, reported mixed results. Kohl's soared to a 10.5% hike and Nordstrom shot up 6.5%. But Macy's, formerly Federated Department Stores, the nation's largest chain, fell 3.3%, and Dillard's and JC Penney each dropped 2%.
Discounters performed well as a group, but Wal-Mart's 0.3% gain, dragged the rest of the chains down to an overall 1.7% increase. Target led with a 5.8% jump, followed by a 5% lift by TJX Cos.
ICSC's research predicts that sales will continue to increase slowly in June but not drop to April's level, with retailers posting gains in the 2%-to-2.5% range.
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