Retailers release September sales figures
Major retailers released sales figures for the month of September, with a particularly strong showing from membership warehouse club Costco.
• Bentonville, Ark.-based Wal-Mart reported comparable-store sales rose 1.4 percent, including a 4.4 percent gain at the company’s Sam’s Club stores. Net sales rose 9.7 percent to $34.4 billion from $31.4 billion in the same period last year.
• Comparable-store sales at Minneapolis-based Target rose 1.2 percent, while overall sales rose 6.2 percent to $5.2 billion from $4.9 billion in September 2006.
• Issaquah, Wash.-based Costco saw comparable-store sales rise a hearty 6 percent, while overall sales rose 9 percent to $6.05 billion from $5.53 billion last year.
In all, U.S. chain store sales increased by 1.7 percent on a year-over-year basis, according to the International Council of Shopping Centers (ICSC). Abnormally warm weather negatively impacted apparel sales during the period, the group said.