"Our strong sales momentum continued in August with consolidated comparable store sales up 5% for the month, which was better than we had planned," says Carold Myrowitz, president and CEO of TJX, in a statement. She notes high customer traffic counts and paints a positive outlook for the coming school season, as well as the later half of the year, with September off to a solid start.

BJ's losses stem generally from a negative impatct of lower gasoline prices and volumes versus last year. According to a release, the "gasoline and merchandise comparable club sales increased in weeks one, two and three, and descreased in week four." BJ's points to the week four decrease as a result of the pre-Labor day purchases moving from end of August to early September, with Labor Day coming on September 7, this year. Also, on a positive note, the traffic increased 4% YOY, unfortunately the average transaction amount fell 2%.

As previously reported by GlobeSt.com, BJ's Q2 net income had fallen 5.2% YOY, so the August decline is not surprising in light of that current trend. BJ's is aiming to put together smaller box shops, averaging a footprint of 85,000 square feet in a hope to get into more metro markets. In August, in fact, the metro New York area showed sales increases, while all other areas showed decreases.