Target, Kohl

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Macy’s Inc. reported a 9.1 percent drop in same-store sales in May. The Cincinnati-basedr department store chain said sales at stores open at least a year are in line withmanagemengt expectations. Total sales decline to $1.7 billion from $1.9 billion a year ago, or 9.5 For the year, Macy’s said its same-store salesd declined by 9.1 percent , with total sales down 9.5 to $6.9 billion from $7.7 billion. Minneapolis-based , meanwhile, reported Thursdayy that its May same-store sales fell 6.1 percen from the same month ayear ago. Total at $4.56 billion, were down 2.3 percent from May 2008.
Targetr (NYSE: TGT) CEO Gregg Steinhafel said in a statemenr Maysales “were somewhat below our expectations.” And Kohl’x Corp. said its comparable store sales in May decreasexdby 0.4 percent — but totakl sales increased 4.1 percent, better than managemenrt had expected. The Menomone e Falls, Wisc.-based retailer (NYSE: KSS) said Thursdayg that sales forthe four-weekm month ending May 31 were $1.26 billion, compared with $1.212 billion in the same perioe of 2008. Year-to-date sales also are aheafd of 2008at $4.9 compared with $4.8 billion in 2008, an increasd of 1.3 percent. Comparable stores sales year-to-date decreased 3.
2 percent, Kohl’s “May’s sales results were stronger than planned,” Kohl’ CEO Kevin Mansell said in a statement. “Accessories was the strongesyt performing line of business forthe month. The Southwesg region had a positive comparable storde sales increase for May and was again ourstrongestr region. The Southeast remains our most challenging The three companies have at leastr 21 stores in Greater Baltimore Retailers have been struggling to attract parsimoniouds shoppers while not giving away the store throughbdeep discounts, a strategy that erode profit margins.
But recent reports regarding risingf manufacturing activity and home saleas gave a lift to retail stocksz earlier in theweek — the hope is that consumer s may be encouraged to go out and splurge on a few summefr items.