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Non-Tech : Bill Wexler's Trading Cabana

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To: Perspective who wrote (5551)	6/4/2009 9:56:36 AM
From: RockyBalboa	Read Replies (1) of 6370

Retailers miss the mark in May, many down: finance.yahoo.com NEW YORK (AP) -- Many U.S. retailers are reporting sales declines in May as shoppers continue to shop cautiously. Costco Wholesale, Hot Topic and Stage Stores are all reporting drops more than analysts expected. However, The Buckle, which is based in Kearney, Neb., says sales rose above expectations. Two factors might weigh on May results. A year ago, sales benefited from fiscal stimulus checks. And Wal-Mart Stores Inc., which has recently reported positive results, stopped issuing monthly sales data as of this month. That is likely to hurt overall results. Analysts expect a 4.1 percent drop. Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance because they measure growth at existing stores rather than newly opened ones. Also ANF pummeled. JCG fading.

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