New York – Comparable
store sales rose moderately in May for Target, Costco and BJ’s Wholesale Club
on a mixed performance in CE.
retail sales rose 3.8 percent to $4.8 billion last month while comparable store
sales edged up 2.8 percent due to “much slower traffic” in the latter part of
May. “Our guests continue to shop cautiously in light of higher energy costs
and inflationary pressures on their household budgets,” chairman/president/CEO
Gregg Steinhafel reported.
Comp store sales in hardlines,
which includes CE and toys, fell by the mid-single digits, Target said, on
weakness in music, movies and books.
sales rose 17 percent in May to $7.1 billion and U.S. comp store sales
increased 6 percent, excluding the positive impact of higher gasoline prices. But
CE comps fell by the mid- to high-single digits on declines in audio and digital
imaging, due partly to camera supply issues stemming from the earthquake in
The declines were
partially offset by a low double-digit increase in computer comps and a
double-digit increase in TV unit and dollar volume despite a 10 percent decline
in average TV selling prices.
, net sales
rose 10.7 percent to $952.9 million last month and comps increased 3 percent
excluding gasoline. Computers and electronics were among the strongest performing
categories in May, while TV and prerecorded video were among the weakest.