Luxury Retailers Outpace Others in June

Luxury retailers scored the biggest gains in June, in what was otherwise considered a mixed month for retail.

High-end department stores Saks Fifth Avenue and Nordstrom both posted strong same-store gains. Saks’ June sales jumped 6 percent; Nordstom’s grew by 8.1 percent.

But mid-range department stores didn’t fare as well. Macy’s June comp sales increased only 1.2 percent, with a release calling the month “below expectations.”

Comps at discounters were similarly mixed. Target said its June same-store sales rose 2.6 percent, but comps at Kohl’s decreased 4.2 percent. Costco’s comps rose 3 percent.

Comp sales at The Bon-Ton Stores fell 0.8 percent, but the department store chain singled out “fine jewelry” as one of its strongest departments.

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