March Year-Over-Year Numbers Not Much Worse Than February

ADMIN

• May 07 2009
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ActionWatch Stat of the Week is a new TransWorld Business column featuring compiled data from the ActionWatch Retail Panel, a group comprised of more than 200 surf/skate independent specialty shops across the U.S.

Core stores saw negative year-over-year numbers again in March, but they fortunately were not much worse than February. While the ActionWatch Retail Panel showed same-store sales down just over 19% in February, March was down 19.8% compared to the prior year.

Men’s woven shirts actually had a pretty good quarter, showing sales increases in the first two months and then only a -5% decline in March, although apparel was overall down almost 25% (see table below). Male shoes also did not fair too badly, showing only a single-digit decline in March. Most other significant product classes were down double digits.

The numbers below show the percent change from the prior year for each of the specified product categories. This report ONLY includes stores that reported on the panel in March 2009 as well as in March 2008.

About ActionWatch:
The ActionWatch Retail Panel includes more than 200 surf/skate independent specialty shops across the U.S. and is growing rapidly as more retailers join the free program. Retailers who participate get free access to a set of 50 reports updated each month. Retailers interested in joining the ActionWatch Retail Panel can get more information at actionwatchreports.com.

All ActionWatch reports are made from the aggregated data of the participating retailers, which are located throughout the U.S. and vary in size from 750-square-foot shops to stores over 10,000 square feet. Data is collected monthly from electronic reports submitted by participating retailers.