Dive Summary:
- According to Thomson Reuters, industry analysts are expecting same store sales throughout the U.S. to increase 3.6% in June.
- Reuters states that a 3% rise in revenues is an indicator of healthy consumer spending. Costco is reporting same stores sales totals experienced an increase of 6% in June.
- Not every brand experienced the same June sale results, with popular retail chain stores Victoria’s Secret and Bath & Body Works reporting lower-than-expected sales growth.
From the article:
L Brands Inc, the parent company of chains such as Victoria's Secret and Bath & Body Works, said same-store sales were flat, missing Wall Street's expectations of a 2 percent increase and the company's own forecast for a low-single digit percentage rise. Same-store sales at Victoria's Secret stores fell 1 percent after rising 11 percent a year earlier.
