September retail sales figures are out, and the numbers are
Same-store sales were up 1.6% among 17 U.S. retailers tracked
by Thomson Reuters, according to
The Wall Street Journal
. That's progress, especially for a month like September that
falls in the shopping no-man's land between the back-to-school
rush and the holiday season.
But it's not nearly the same progress as a year ago. Last
September, same-store sales increased 5.5% from the prior year.
It's also much slower than the 6.1% year-over-year gain in
and the 4.8% gain in
Still, there were a few bright spots among those 17 retailers
whose September sales were made public. Chief among them was
Sales at the members-based wholesaler climbed 5% in September.
That's pushing shares up 1.5% in mid-day trading today.
Limited Brands (
, the parent company of six retails brands including Bath &
Body Works and Victoria's Secret, posted similar September sales.
The 5% increase in same-store sales outpaced the 4.3% jump
analysts were expecting.
The improved sales have yet to do much for the stock prices,
however. As of 12:30 p.m. eastern, Limited shares were basically
flat for the day.
One retailer that's getting hammered today is
, a teen apparel company that saw its sales drop off 0.8% last
month. That was enough of a drop-off to push shares of the
small-cap stock down 2.5% today.