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

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Many store chains said they continue to seelowef same-store sales results as customers grapple with the recession'ss lingering impact. In response, many retailers, from to , have been offerinhg promotions and tweaking inventoriees in a scramble to sell merchandise without erodin theirprofit margins. Overall, national June retail sales were projected to dropby 4.6 percent by Retail Metrics, a Massachusetts firm that tracks store sales. This is worse than the minus 4.3 percent averagse monthly decline, year-to-date. Department stores were forecasy to post theweakest results, down 8.
9 percent, with “discretionaryu spending still in hiding,” according to its monthly Here's a roundup of Thursday's retailee sales reports. (Check back with DenverBusinessJournal.comm through the day for more • reported a 8.9 percent drop in same-storre sales in June, as shoppers continued their months-lonb trend of avoiding purchases deemedd lessthan necessary. The Cincinnati-based department storew chain outstepped expectationsslightly – analysts surveyed by Thomson Reuterws 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 first five months of thefiscal year, Macy’s said salesd at stores open at least a year decreased 9 with total sales down 9.4 percent, to $9 billio from $9.9 billion. Cincinnati-basedx Macy’s (NYSE: M) saw its stronges t sales in the Midwest and while thecoasts lagged. The Northeast particularlhy suffered due to cool andwet weather, said spokesmanj Jim Sluzewski. “Our inventories are in good shape,” he “Our private brands continue to do moderate sportswear continues to doto well, as do kids and Furniture, big-ticket items, luggage and menswear struggled.
Macy’s has projectedr full-year profits of 40 cents to 55 cents per excluding restructuring costs stemming from acompanywide reorganization. Annual sales, it has are expected to decline by 6 percenf to8 percent. Macy’s operates roughly 845 department stores under thenames Macy’s and Bloomingdale’s. • said that its totao sales forthe five-week period ending July 4 decreased 1.5 percen t from the same period a year earlier and comparable-stor e sales decreased 5.6 percent. Analysts expectedd a drop of 6.8 percent in comparable-stor sales, according to For the fiscal year to total sales for theMenomonee Falls, Wisc.-based retailef (NYSE: KSS) increased 0.
7 percent to nearlu $6.4 billion and comparable-store salees decreased 3.8 percent. June sales exceeded the expectationsof Kohl’zs executives, said president and CEO Kevibn Mansell. The retailer achieved comparable-storew sales increases in the southwesternUnited States, with the strongest performance in California, he Merchandise lines that performed well were accessories and home, Mansellp said.
Kohl’s apparel businesses were hurt by sluggisgh demand in seasonal categories suchas shorts, poloas and swimwear, he