Breaking News

Back-to-School Boosts Retail Sales

October 10, 2011

September results are higher than expected, according to Kantar Retail.

Retail same-store sales edged higher with a 5.7% gain in September as retailers reported a solid tail-end of the back-to-school shopping season despite slightly tighter spending plans by shoppers, according to Kantar Retail.

The sales-weighted composite for the 25 retailers reporting most of them apparel retailers is 5.7%, higher than the 5.1% same-store sales gain last month and the 2.8% gain in September of 2010. Note that the calculations no longer include Walmart, which stopped reporting monthly results in April 2009. B.J's and Neiman Marcus also are not included in the composite, because they did not report in time for publication.

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