Retail sales mostly gloomy in January

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"Steep declines" marked another tough month in retail in the United States, as most retailers saw declines. While deep discounter Wal-Mart showed a slight gain, sales were slower almost everywhere else, including notable drops of 22.7% at Saks, 19% at Gap, and 15.5% at JC Penney. All price points are being affected.

Not everyone suffered, though. Aeropostale grew 11% and Hot Topic 6% as their surges from the fall season continued.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on February 6, 2009 9:47 AM.

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