Retailers report modest Sept. sales gains

NEW YORK — Several retailers reported modest sales gains for September as shoppers worried about a partial government shutdown and the economy. The results increase concerns about how shoppers will spend during the crucial holiday season.

Revenue at stores open at least a year rose 2.7 percent in September, according to a preliminary tally of nine retailers by the International Council of Shopping Centers. That was a slower pace than the 3.5 percent increase in August.


L Brands, the parent of Victoria’s Secret, and Costco Wholesale Corp. were among the chains whose results missed Wall Street estimates, while Stein Mart Inc. beat expectations. Only a few retail chains report monthly sales figures, and the list doesn’t include Walmart Stores Inc., Macy’s Inc., and many other large chains. But it offers some clues into consumer spending.

L Brands said revenue at stores opened at least a year rose just 1 percent in September. Costco’s revenue rose 3 percent.

In September, warmer-than-usual weather hurt sales of fall clothes, as did economic concerns. And worries about the situation in Washington compound the challenges.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.