By  on August 6, 2012

The second-quarter rubber is about to meet the road — and the evidence-to-date suggests the fashion industry will just be puttering along.

July comparable-store sales were better than expected last week, but offered only a narrow take on the industry and no window into how promotional retailers had to be to drive traffic. For every encouraging increase, there seemed to be a decline not far away. Gap Inc.’s resurgence with a 10 percent comp gain in July was countered by Abercrombie & Fitch Co.’s profit warning and decision to pull back on its international expansion.

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