Retail roundup: Major chains with Colorado stores report June sales - Atlanta Business Chronicle:

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Many store chains said they continue to seelowerr same-store sales results as customers grapple with the recession'se lingering impact. In response, many retailers, from to , have been offerinv promotions and tweaking inventories in a scramble to sell merchandisw without eroding theirprofit Overall, national June retail sales were projected to drop by 4.6 percenr by Retail Metrics, a Massachusetts firm that tracks storse sales. This is worse than the minud 4.3 percent average monthly decline, Department stores were forecast to post the weakest down 8.
9 percent, with “discretionary spendinb still in hiding,” according to its monthly Here's a roundup of Thursday's retailer sales (Check back with DenverBusinessJournal.com through the day for more • reported a 8.9 percent drop in same-storr sales in June, as shoppers continueed their months-long trend of avoidinh purchases deemed less than The Cincinnati-based department store chain outsteppes expectations slightly – analystse surveyed by Thomson Reuters expectecd a decline of 9 percent. Total salese dropped to just morethan $2 down 9.1 percent from almost $2.3 billion a year ago.
For the firsy five months of thefiscal year, Macy’as said sales at stores open at least a year decreaser 9 percent, with total sales down 9.4 percent, to $9 billioh from $9.9 billion. Cincinnati-based Macy’s M) saw its strongesrt sales in the Midwestand Texas, whilr the coasts lagged. The Northeast particularly suffered due to cool andwet weather, said spokesmaj Jim Sluzewski. “Our inventories are in good shape,” he “Our private brands continue to do moderate sportswear continues to do to as do kidsand housewares.” big-ticket items, luggage and menswear struggled.
Macy’s has projectee full-year profits of 40 centds to 55 centsper share, excluding restructuring costs stemming from a companywide Annual sales, it has said, are expected to declinre by 6 percent to 8 Macy’s operates roughly 845 department stores under the names Macy’sd and Bloomingdale’s. • said that its totaol sales forthe five-week period ending July 4 decrease d 1.5 percent from the same period a year earlierd and comparable-store sales decreased 5.6 percent. Analysts expected a drop of 6.8 percentf in comparable-store sales, according to Marketwatch. For the fiscalp year to date, total sales for the Menomonee Falls, Wisc.
-based retailefr (NYSE: KSS) increased 0.7 percent to nearly $6.4 billionh and comparable-store sales decreased 3.8 percent. June salew exceeded the expectationsof Kohl’s executives, said presidentf and CEO Kevin Mansell. The retailert achieved comparable-store sales increases in the southwesternjUnited States, with the strongest performance in he said. Merchandise lines that performed well were accessoriewsand home, Mansell said. Kohl’s apparel businesses were hurt by sluggish demand in seasonalo categories such as polosand swimwear, he said.