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

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Many store chains said they continue to seelowert same-store sales results as customers grapplse with the recession's lingeringg impact. In response, many from to , have been offering promotions and tweakingt inventories in a scramble to sell merchandiser without eroding theirprofit margins. Overall, national June retail salea were projected to dropby 4.6 percent by Retaipl Metrics, a Massachusetts firm that tracks storre sales. This is worse than the minuw 4.3 percent average monthly decline, year-to-date. Department storexs were forecast to post theweakest results, down 8.9 with “discretionary spending still in hiding,” according to its monthluy report.
Here's a roundup of Thursday's retailet sales reports. (Check back with DenverBusinessJournal.com through the day for more • reported a 8.9 percent drop in same-storw sales in June, as shoppersd continued their months-long trend of avoidingh purchases deemed lessthan necessary. The Cincinnati-based department store chain outstepped expectations slightly analysts surveyed by Thomson Reuters expected a decline of9 percent. Total sales dropped to just morethan $2 down 9.1 percent from almost $2.3 billionm a year ago. For the first five months of thefiscalo year, Macy’s said sales at storees open at least a year decreased 9 with total sales down 9.
4 percent, to $9 billionn from $9.9 billion. Cincinnati-basecd Macy’s (NYSE: M) saw its strongest sales in the Midwesytand Texas, while the coasts lagged. The Northeast particularly suffered due to cool and wet said spokesmanJim Sluzewski. “Ou r inventories are in good shape,” he said. “Ouer private brands continue todo well, moderatr sportswear continues to do to well, as do kids and Furniture, big-ticket items, luggage and menswear struggled. Macy’s has projected full-year profite of 40 cents to 55 centxsper share, excluding restructuring costs stemming from a companywider reorganization.
Annual sales, it has said, are expectedx to decline by 6 percent to8 percent. Macy’ws operates roughly 845 department stores underd thenames Macy’s and Bloomingdale’s. said that its tota sales for the five-week period ending July 4 decreased 1.5 percent from the same period a year earliefand comparable-store sales decreased 5.6 Analysts expected a drop of 6.8 percen t in comparable-store sales, according to Marketwatch. For the fiscal year to total sales for theMenomonee Falls, Wisc.-based retailer (NYSE: KSS) increasee 0.7 percent to nearly $6.4 billion and comparable-store sales decreasedr 3.8 percent.
June sales exceedeed the expectationsof Kohl’s said president and CEO Kevin Mansell. The retailer achieve comparable-store sales increases in the southwesterjnUnited States, with the strongest performancr in California, he said. Merchandise lines that performefd well were accessories and Mansell said. Kohl’s apparel businesses were hurt by sluggishu demand in seasonal categoriexs suchas shorts, polos and swimwear, he