Retailers responded to soft demand with aggressive discounting and promotions in June, but sales...


Retailers responded to soft demand with aggressive discounting and promotions in June, but sales gains may have been tempered by lower margins. Overall, results were mixed as Limited (LTD +1.3%), Macy's (M +2%), JC Penney (JCP +6.2%) and Nordstrom (JWN -2.2%) reported better-than-expected numbers, but Kohl's (KSS -3%), Gap (GPS -8.6%) and Target (TGT -1.6%) came up short. (I, II, III)

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  • dhansen54
    , contributor
    Comments (87) | Send Message
     
    Retail results were being hyped up on Wednesday big time. And now today with more data we discover the results were not so hot.
    I do not recall which news sources were hyping the retail results yesterday, but in retrospect, they were not very reliable.
    8 Jul 2010, 02:20 PM Reply Like
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