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Janney Capital Markets sees retailers reporting June sales slightly below consensus on its...

Janney Capital Markets sees retailers reporting June sales slightly below consensus on its outlook that a pickup in promotions will cut into the impact of volume increases. Channel checks by the firm indicate American Eagle Outfitters (AEO +0.6%) and Pacific Sunwear (PSUN -0.5%) are two names that are trending to the less promotional side, while Abercrombie & Fitch (ANF -0.9%) and Bebe Stores (BEBE +0.3%) could deliver results below expectations due to their heavy promotional activity.
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