Same store sales results are fairly strong
Posted By:
Tom Sanderson
Date Posted:
Thursday, September 08, 2011
3:10 PM
The most recent monthly/quarterly same store sales data showed strong growth for five large retailers with sales up over 4% from last year. Walgreen and Costco in particular had very strong numbers. Wal-Mart, Lowe’s, Best Buy and Sears are reporting declining same store sales. Results have improved from 2010 when same store sales for the same reporting period showed slower growth or greater declines for 8 of the 11. The retail segment drives a tremendous amount of freight transportation and this data shows that demand for freight transportation is not falling off the cliff.
