This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Retailers Post Mixed August Same-Store Sales (Update 1)

L Brands (LTD), the parent company to Victoria's Secret, Bath & Body Works and La Senza, posted comparable-store sales that fell just short of expectations, up 2% vs. the 2.2% analysts expected, according to Thomson Reuters.

L Brands' net sales for the four weeks ended Aug. 31 rose 5.8% to $704.7 million vs. the 2012 four-week period that ended on Aug. 25, 2012.

Comparable sales at both Victoria's Secret and Bath & Body Works fell on a year-over-year basis, while sales at La Senza rose 8% vs. flat in the comparable period.

Shares fell 2.1% to $56.90.

American Apparel (APP) said net sales slipped 1% last month, to $55.7 million. Comparable sales in August rose 3%, fueled by an 11% increase in online sales, but far below the 22% jump in August 2012. Retail store sales rose 2% in the month, while wholesale dropped 6%, the company said.

"The 3% comparable sales increase in August is particularly meaningful given that we faced a 25% increase in August last year," said Dov Charney, American Apparel's chairman and CEO, in a statement. "We also believe the decrease in estimated wholesale net sales was primarily a timing difference in the placement of month-end customer orders and we expect a return to positive sales growth for the wholesale segment in September."

American Apparel reiterated its difficulties in switching over to a new distribution center in California, but that it is making progress.

"Among other things, we have substantially fixed integration issues with information systems, strengthened our training efforts and made necessary personnel changes. We are beginning to see light at the end of this tunnel. That being said, in the event there are further integration issues or if there are systems related disruptions in the future, we will most likely incur additional unanticipated costs and reduced sales," Chief Financial Officer John Luttrell said in a statement.

American Apparel shares closed flat to finish the day at $1.40.

August same-store sales growth at The Buckle (BKE) rose 1%, above estimates of 0.4% growth.

Net sales for the four-week period ended Aug. 31 increased just 0.3% to $101.1 million vs. the prior-year fiscal month ended Aug. 25, 2012.

Share fell 1.2% to $51.70.

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com.

>To submit a news tip, email: tips@thestreet.com.



Follow TheStreet on Twitter and become a fan on Facebook.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,493.37 -69.93 -0.42%
S&P 500 1,925.15 -5.52 -0.29%
NASDAQ 4,352.6390 -17.1340 -0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs