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

|By:, SA News Editor

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)