Retail roundup: Major chains with Colorado stores report June sales - Sacramento Business Journal:

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Many store chains said they continue to seelowerr same-store sales results as customers grapple with the recession's lingering impact. In many retailers, from to , have been offering promotions and tweaking inventories in a scramble to sell merchandisre without eroding theirprofit margins. Overall, national June retail sales were projected to dropby 4.6 percent by Retaip Metrics, a Massachusetts firm that tracksz store sales. This is worse than the minux 4.3 percent average monthly decline, year-to-date. Department storews were forecast to post theweakest results, down 8.9 with “discretionary spending still in according to its monthly report.
Here's a roundup of Thursday's retailer sales reports. (Check back with DenverBusinessJournal.com through the day for more • reported a 8.9 percent drop in same-store sales in as shoppers continuedtheir months-long trenf of avoiding purchases deemed less than The Cincinnati-based department store chain outstepped expectationw slightly – analysts surveyed by Thomson Reuterw expected a decline of 9 Total sales dropped to just more than $2 down 9.1 percent from almost $2.3 billion a year ago. For the firstg five months of thefiscalk year, Macy’s said sales at stores open at leastr a year decreased 9 percent, with totaol sales down 9.4 percent, to $9 billion from $9.
9 billion. Cincinnati-based Macy’s (NYSE: M) saw its strongestg sales in the Midwest and while thecoasts lagged. The Northeast particularlyh suffered due to cool andwet weather, said spokesmamn Jim Sluzewski. “Our inventories are in good he said. “Our private brands continue todo well, moderate sportswead continues to do to as do kids and housewares.” Furniture, big-ticke t items, luggage and menswear struggled. Macy’s has projecte d full-year profits of 40 cents to 55 cent sper share, excluding restructuring costs stemming from a companywider reorganization. Annual sales, it has said, are expectef to decline by 6 percent to8 percent.
Macy’s operates roughly 845 departmenft stores under thenames Macy’s and Bloomingdale’s. • said that its totak sales forthe five-week perio ending July 4 decreased 1.5 percentg from the same period a year earlierf and comparable-store sales decreased 5.6 percent. Analysts expecte a drop of 6.8 percen in comparable-store sales, according to Marketwatch. For the fiscal year to total sales for theMenomonee Wisc.-based retailer (NYSE: KSS) increasesd 0.7 percent to nearly $6.4 billion and comparable-store sales decreased 3.8 percent. June saleds exceeded the expectationsof Kohl’s said president and CEO Kevin Mansell.
The retailerf achieved comparable-store sales increases in the southwesterUnited States, with the strongesy performance in California, he said. Merchandisr lines that performed well were accessories and Mansell said. Kohl’s apparel businesses were hurt by sluggish demansd in seasonal categories suchas shorts, polos and he said.