Muted Sales Growth from Retailers
Jul 10, 2:57 PM EDT |
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| The same-store sales results that outpaced Wall Street’s views came mainly from children's apparel, maternity and men's wear specialty retailers |
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| Amid growing concerns about the rise in gas prices over last year and climbing interest rates, June same-store sales reports by nearly half the retailers missed analyst estimates and fueled economists pessimism for the second half of the year. Major retailers such as Wal-Mart and Gap released disappointing numbers, while a handful of mid-priced retailers, such as Target and J.C. Penney, kept on recording solid growth. |
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