Citigroup cuts its August same-store sales estimates for four department stores - JCPenney (JCP...

|By:, SA News Editor

Citigroup cuts its August same-store sales estimates for four department stores - JCPenney (JCP -1.3%), Kohl's (KSS -2.1%), Macy's (M +1%) and Saks (SKS +0.3%) - because of effects from Hurricane Irene. Some retailers may rethink their September promotions as they look to make up for back-to-school sales missed this past weekend, Citi says.