To: Jenna who wrote (11164 ) 7/9/1998 11:10:00 AM From: Jenna Read Replies (1) | Respond to of 120523
WATCH LIST UPDATE: watch lists stocks are up and doing well. (FMY,ORCL,EMPI,ASI,CMGI)... On second watch list VRTY, PCCC, ISLI (small caps as per request) all up nicely. Others CMGI, MSPG, SUNW, T all positive.. weakness in GM. TJX and SKS reported excellent same store sales but SKS a bit weak today although TJX still one of the few retailers positive today. I expect these two to rebound. Perhaps the disappointment for JCP carried over to the sector temporarily. Saks Holdings Announces June SalesResults<SKS.N> **************************************** Saks Holdings Announces June Sales Results NEW YORK--(BUSINESS WIRE)--July 9, 1998--Saks Holdings, Inc. (NYSE: SKS), the holding company for Saks Fifth Avenue, today announced that total sales for the five weeks ended July 4, 1998, increased 14.4% to $192.3 million. Comparable sales increased 8.0% over the five weeks ended July 5, 1997. For the twenty-two weeks ended July 4, 1998, total sales were $960.5 million, an increase of 12.1% over the same period last year. Comparable sales increased 6.9%. ************************************ The TJX Companies, Inc. Reports Strong June 1998 Sales<TJX.N> The TJX Companies, Inc. Reports Strong June 1998 Sales FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 9, 1998--The TJX Companies, Inc. (NYSE:TJX), today reported June 1998 sales results. Sales for the five week period ended July 4, 1998 were $720 million, up 8% over $664 million achieved during the same five week period ended July 5, 1997. For the twenty-two weeks ended July 4, 1998, sales reached $3,106 million, an increase of 10% over last year's $2,819 million. Consolidated comparable store sales for the five week period ended July 4, 1998 increased 5% over the comparable period last year. For the twenty-two week year-to-date period, consolidated comparable store sales increased 7% over the comparable period last year.