88 756
Fashion Jobs
CROCS
Retail Learning & Development Manager
Permanent ·
BROOKS
Data & Analytics Organizational Change Management Analyst II
Permanent · SEATTLE
BROOKS
Creative Operations & Traffic Manager
Permanent · SEATTLE
NEIMAN MARCUS
Loss Prevention Investigator- Coral Gables
Permanent · CORAL GABLES
LORO PIANA
Loro Piana, Client Development Manager - Madison Ave
Permanent · NEW YORK
MOËT HENNESSY USA
Senior Brand Manager; Hennessy v.s
Permanent · NEW YORK
CELINE
Operations Supervisor - Topanga Westfield
Permanent · LOS ANGELES
TIFFANY & CO
Operations Coordinator- Richmond
Permanent · RICHMOND
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Geneva Commons. - Geneva, IL
Permanent · CHICAGO
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Arundel Mills 2 - Hanover, MD
Permanent · HANOVER
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Geneva Commons. - Geneva, IL
Permanent · CHICAGO
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Arundel Mills 2 - Hanover, MD
Permanent · HANOVER
URBN
Urban Outfitters Brand Marketing Director - Creator Relations And Social Media
Permanent · PHILADELPHIA
URBN
Urban Outfitters Director, Performance Marketing
Permanent · PHILADELPHIA
URBN
Free People: Buyer, Free-Est
Permanent · PHILADELPHIA
SACKS
Avp, PR & Celebrity
Permanent · NEW YORK
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
BANANA REPUBLIC
General Manager - st Louis Premium (New Store)
Permanent · CHESTERFIELD
OLD NAVY
General Manager - Town Square s/c
Permanent · SCHERERVILLE
OLD NAVY
Asset Protection Service Representative - Shops at Skyview Center
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - ka Makana Ali'i
Permanent · KAPOLEI
OLD NAVY
Assistant General Manager NE - Festival Market at Dogwood
Permanent · FLOWOOD
By
Reuters
Published
May 3, 2012
Reading time
2 minutes
Download
Download the article
Print
Text size

US apparel sales stay strong in April

By
Reuters
Published
May 3, 2012

Several clothing retailers, including Limited Brands Inc and Zumiez Inc, posted better-than-expected sales in April, helping to allay fears that March's strength came from an earlier Easter and a warm start to the spring season.


Limited Brands' Victoria's Secret / Photo: Limited Brands


But Costco Wholesale Corp missed Wall Street estimates for the second month in a row, indicating competition with other big-box retailers hurt the biggest U.S. warehouse club operator's performance.

Of the eight retailers that had reported April sales by early Thursday, four beat expectations and two missed, according to Thomson Reuters Data.

The Thomson Reuters index of analysts' expectations for 20 retailers that report monthly sales at stores open at least a year called for a 1.5 percent increase in April, compared with a 4.3 percent rise in March.

March results benefited because of an earlier Easter - April 8 this year, compared with April 24 in 2011. It was also the warmest March in more than 50 years, which helped spur sales of spring clothing.

But that momentum continued into April.

Victoria's Secret parent Limited Brands Inc posted a 6 percent rise in same-store sales, beating estimates.

Teen clothing retailer Zumiez Inc also beat estimates with a 10.1 percent rise.

And on Wednesday, American Eagle Outfitters Inc sharply raised its profit estimate for the latest quarter as it sold more spring clothes at full price.

Costco was a different story. Its same-store sales rose 4 percent, while analysts were expecting a 5.1 percent increase, according to Thomson Reuters Data.

"It didn't seem to receive the traffic lift one would expect operating gas stations that sell cheaper petrol and stores that undercut grocery chains," Brian Sozzi, chief equities analyst of NBG Productions, said in a note.

Sozzi said Costco, which competes with Wal-Mart Stores Inc's Sam's Club and BJ's Wholesale, has been "a bit more aggressive in terms of price to drive traffic." Its March results indicated consumers could be finding a better experience and prices elsewhere, he added.

© Thomson Reuters 2024 All rights reserved.