Consumer electronics helped February retail sales
FROMT WICE: Videogames top category at Sam's Club
By Steve Smith of TWICE -- Video Business, 3/6/2008
MARCH 6 | FROM TWICE: Retail sales rose for public-traded retail chains with help from electronic products like HDTV and videogames.Wal-Mart reported sales were $18.5 billion for the month, up 5.6% compared with a year ago and comp-store sales (excluding fuel sales) were up 2.5% vs. an advance of 0.4% a year ago. Comp-store sales were strongest in the Central and Northeast regions, with the Southeast and Midwest softer.
At Wal-Mart’s Sam’s Club February sales were $3.3 billion, up 6.5% compared with last February, with comp-store sales (without fuel sales) up 2.8%, lower than the previous year’s 3.9% gain. Videogames were about the top categories for Sam’s Club during the month.
Target reported net retail sales of $4.37 billion, up 5.9% from the previous year’s $4.13 billion, with comp-store sales up 0.5% vs. last year’s 5.7% gain. “Our comparable store sales performance in February was in line with our planned range,” said Bob Ulrich, chairman/CEO.
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