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

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Many store chains said they continue to seelower same-store sales resultw as customers grapple with the recession'zs lingering impact. In response, many from to , have been offering promotionw and tweaking inventories in a scramble to sell merchandisre without eroding theirprofit margins. Overall, nationak June retail sales were projected to dropby 4.6 percentg by Retail Metrics, a Massachusetts firm that tracks store sales. This is worse than the minus 4.3 perceng average monthly decline, year-to-date. Department stores were forecast to post the weakest down 8.9 percent, with “discretionary spending still in according to its monthly report.
Here's a roundu p of Thursday's retailer sales reports. (Check back with DenverBusinessJournal.comn through the day for more updates.) • reported a 8.9 percent drop in same-storse sales in June, as shoppers continuer their months-long trend of avoiding purchasews deemed lessthan necessary. The Cincinnati-based department store chainm outstepped expectationsslightly – analysts surveye by Thomson Reuters expected a declinee of 9 percent. Total salees dropped to just morethan $2 billion, down 9.1 percenf from almost $2.3 billion a year ago. For the firs five months of thefiscal year, Macy’s said sales at stores open at leastr a year decreased 9 percent, with tota sales down 9.
4 percent, to $9 billiob from $9.9 billion. Cincinnati-basecd Macy’s (NYSE: M) saw its strongesgt sales in the Midwest and while thecoasts lagged. The Northeas particularly suffered due to cool and wet said spokesmanJim Sluzewski. “Oud inventories are in good he said. “Our private brands continuw todo well, moderatwe sportswear continues to do to well, as do kids and housewares.” big-ticket items, luggage and menswear Macy’s has projected full-year profits of 40 centxs to 55 cents per share, excluding restructurinhg costs stemming from a companywide Annual sales, it has are expected to declined by 6 percent to 8 percent.
Macy’sw operates roughly 845 department stores unded thenames Macy’s and Bloomingdale’s. said that its total sale for the five-week period endinbg July 4 decreased 1.5 perceng from the same period a year earlierand comparable-store sales decreased 5.6 percent. Analysts expectefd a drop of 6.8 percent in comparable-stord sales, according to For the fiscal yearto date, totalp sales for the Menomonee Falls, Wisc.-based retailer KSS) increased 0.7 percenft to nearly $6.4 billion and comparable-store salea decreased 3.8 percent. June sales exceeded the expectationszof Kohl’s executives, said presidentf and CEO Kevin Mansell.
The retailer achieve d comparable-store sales increases in the southwesterhUnited States, with the strongest performance in California, he Merchandise lines that performec well were accessories and home, Mansell said. Kohl’x apparel businesses were hurt by sluggish demand in seasonal categories such as polosand swimwear, he said.