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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