Retailers post same-store sales declines – Pacific Business News (Honolulu):
percent drop in same-store sales in May. The Cincinnati-basesd department store chain said sales at storez open at least a year are in line withthe company’e expectations. Total sales declined to $1.7 billion from $1.9 billionj a year ago, or 9.5 percent. Macy’s operates 13 storea in Hawaii. • (NYSE: TGT) reportedd that its same-store sales fell 6.1 percengt compared to a year ago. Total at $4.56 billion, were down 2.3 percent from May 2008. Target openexd its first two stores on Oahu in and plans to open anothetr on the Big Islandin July. , based in Issaquah, Wash., said same-storr sales at stores open a year or more fell 7 percent last mont h compared with ayear earlier.
Total sales at the retailer (Nasdaq: COST) fell to $5.46 billion from $5.77 billion in 2008. Costcl has seven locations in Hawaii. • reported same-store sales fell 13.1 percent comparerd with a year earlier. Retail sales fell to $653 millionj for the month from $716 million in May 2008 for the Seattle-based retailer (NYSE: JWN). Nordstrom opened its first Hawaii location at Ala Moana Center inMarch 2008. Wal-Mart (NYSE: WMT) stopped reporting its same-stord sales as of this month.
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