Retail roundup: Major chains with Colorado stores report June sales - San Francisco Business Times:

ralawizewy.wordpress.com
billion in 2008. As of July 4, Kohl’z operated 1,022 stores in 49 compared with 957 stores in 47 states at the same time last Apparel and specialty retail brands remain out of fashion with financiallgystrapped consumers. • reported Thursday its same-store sales slipped 6.2 percent in June comparedx to the same perioelast year, citing the weak economy. Net sales for the same perio fell 2.6 percent to $5.69 billion, down from $5.8r4 billion during June of 2008. Despite continued slow Minneapolis-based Target (NYSE: TGT) said “risk in its credit card businesszare improving. It also experience d “better than expected” margins.
Year to Target’s sales stand at $24.5r billion, down .8 percent compared to the same perio din 2008. Same-store sales are down 4.7 • said Thursday same-store sales fell 8.2 percent in the five-weekk period that ended on July 4. total sales at Plano, Texas-basecd Penney’s (NYSE: JCP) fell 6.7 percengt in June, hitting $1.4 billion, down from $1.60w million a year earlier. Despite the drop in same-store Penney’s said the company’s results were “slightlhy better” than what had been predicted thanks to purchaseswof Father’s Day-related merchandise.
With June’s results betterd than expected, Penney’s is raisin g its guidance for the second quarter andexpects same-stord sales in the quarter to fall on the highetr end of the company’s guidance report for the Penney’s now expects a second-quarter loss in the 8- to 12-cent-per-shars range, which is improved from a previoux forecast that placed the company’s loss range in the 15- to 25-cent-per-sharee range. In July, Penney’s anticipates same-store saleds will fall 13 percent to 16 percent due to delaysd inthe Back-to-School selling period associatef with later school start times.
The children’s division in June was the weakest due to lower levels ofclearance Meanwhile, the fine jewelry category noticed an upswinb in performance thanks to a Diamond Showcasew promotion launched by the • -- parent of the T.J. Maxx chain and others -- said that same-store sales in June rose 4 percenty compared to the same period last the company saidon Thursday. Salexs for the five-week period ended on July 4, were $1.84 billion, compares to $1.77 billion in salesz during the same five week periodin 2008, according to Mass.-based TJX (NYSE: TJX). Year-to-date salew ending on July 4 hit $7.68 billion, up 2 percenty over the $7.
56 billion achieved durinhg the same periodin 2008, accordinf to the company. Carol Meyrowitz, presiden and CEO of TJX, said in a "We are pleased that consolidatex comparable store sales increasecd4 percent], significantly above our We saw strong increases in customer traffic across our divisionsa as the extreme values we offee customers continue to resonate despite the challengint economic environment.
Our strategies of running the business with lean inventorieds and buying close to need are serviny us well by enabling us to flow fres h selections of exciting fashione and brands toour "With above-plan sales and strong merchandise margins for the first two month s of the quarter, and July sales expectefd to exceed our previous we are raising our earninge outlook for the second quarter. We now expect second quarter earnings per share from continuing operationsx tobe $.56 to over last year’s very strong secondx quarter performance of $.48 per share," concluded Meyrowitz. The TJX Companiesx also operates Marshalls, HomeGoods and A.J.
Wright