Thursday, July 12, 2007
June Same Store Sales
--Retailers rang up modest sales gains for June, confirming that shoppers are hunting for bargains amid a weak housing market that is expected to persist in the coming months.
--WM beat estimate, but price discounts help
--Mall based specialty chains take steep markdowns
--Demand for home related goods is languishing
--Middle market, such as JC Penny and Kohn, posted a loss
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