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

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Many store chains said they continu e to seelower same-store salesz results as customers grapple with the recession's lingerint impact. In response, many retailers, from to , have been offerinh promotions and tweaking inventories in a scramble to sell merchandises without eroding theirprofit margins. national June retail sales were projected to dropby 4.6 percenyt by Retail Metrics, a Massachusettsx firm that tracks store sales. This is worsde than the minus 4.3 percent average monthlty decline, year-to-date. Department stores were forecast to post theweakest results, down 8.9 with “discretionary spending still in hiding,” according to its monthly report.
Here' s a roundup of Thursday's retailerf sales reports. (Check back with DenverBusinessJournal.cokm through the day for more updates.) • reportef a 8.9 percent drop in same-store salese in June, as shoppers continuecd their months-long trend of avoidingt purchases deemed lessthan necessary. The Cincinnati-based departmenr store chain outstepped expectationsslightly – analystse surveyed by Thomson Reuters expected a decline of 9 Total sales dropped to just more than $2 down 9.1 percent from almost $2.3 billionb a year ago. For the first five months of thefiscal Macy’s said sales at stores open at least a year decreased 9 percent, with total sales down 9.
4 percent, to $9 billion from $9.9 billion. Cincinnati-based Macy’s (NYSE: M) saw its strongest sales in the Midwesrand Texas, while the coasts lagged. The Northeastg particularly suffered due to cool andwet weather, said spokesman Jim “Our inventories are in good shape,” he said. “Ou private brands continue to do moderate sportswear continues to doto well, as do kids and Furniture, big-ticket items, luggage and menswear Macy’s has projected full-year profits of 40 cents to 55 cents per excluding restructuring costs stemming from a companywidee reorganization. Annual sales, it has said, are expected to decliner by 6 percent to8 percent.
Macy’sx operates roughly 845 department stored under thenames Macy’s and Bloomingdale’s. said that its total sales forthe five-weelk period ending July 4 decreases 1.5 percent from the same perio a year earlier and comparable-store sales decreasede 5.6 percent. Analysts expected a drop of 6.8 percentr in comparable-store sales, according to Marketwatch. For the fiscalk year to date, total sales for the Menomonee Falls, Wisc.-basedf retailer (NYSE: KSS) increased 0.7 percent to nearlyg $6.4 billion and comparable-store sales decreased 3.8 percent.
June salea exceeded the expectationsof Kohl’s executives, said president and CEO Kevin The retailer achieved comparable-store sales increasese in the southwestern United States, with the strongest performance in California, he said. Merchandise linez that performed well were accessories and Mansell said. Kohl’s apparel businesses were hurt by sluggisuh demand in seasonal categories suchas shorts, polox and swimwear, he said.