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September 07, 2007
Dept. Stores Report Strong August Comps
Upscale department stores reported better than expected same store sales for August, driven by men’s wear, accessories, shoes and jewelry.
Saks Fifth Avenue reported a same store increase of 18.2 percent while Nordstrom saw a 6.6 percent gain.
Mass market retailers showed more mixed results. The Gap was up 2 percent in August, Banana Republic showed a 7 percent gain and Old Navy slipped 4 percent.
Posted by Blacks on September 7, 2007 11:01 AM
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