NEW YORK — The momentum of late May carried into June for a group of retailers filing their same-store sales results early, but analysts were careful not to interpret the positive signal as the start of a second-half turnaround.

Still, June results posted on Wednesday — including Neiman Marcus Group’s 1.7 percent same-store sales increase and Christopher & Banks’ 13 percent ascent — came in stronger than some expected and could augur well for when the rest of the retail industry, including its very heaviest hitters, reports results next Thursday. Analysts are more focused on what happens toward the end of the summer, when the arrival of fresh fall merchandise will begin to overshadow the T-shirt and shorts sales of summer.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus