Retail Roundup: Gloomy holiday sales linger ahead
The nation’s retailers saw October’s same-store sales take a nosedive and the gloomy reports point to a weak Christmas sales season.
Macy’s saw a 6.3 percent decline in same-store sales. It was one of the biggest declines the retailer has seen all year. Macy’s has 14 stores in Hawaii.
Costco’s same-store sales dipped just 1 percent. The Issaquah, Wash.-based big-box retailer has six locations in Hawaii.
Seattle-based Nordstrom, which opened its first Hawaii store at Ala Moana in March, saw same-store sales fall nearly 16 percent.
Target, which plans to open its first Hawaii store in Kapolei next spring, saw October sales drop just below 1 percent Faxless pay advances.
Wal-Mart Stores, on the other hand, which has eight discount stores and two Sam’s Club locations in Hawaii, reported a 2.4 percent increase in same-store sales.
- Macy’s October sales down 6.3 percent
- October same-store sales dip at Costco, plunge at Nordstrom
- Wal-Mart sales up, Target down