Summary
NEW YORK -- Consumers, deterred from shopping by unusually cool weather and higher gasoline prices, retreated from stores and malls during June and left the nation's retailers with their weakest performance in more than a year.
As retailers reported June's lackluster sales results Thursday, the disappointments cut across industry sectors, with discounters like Wal-Mart Stores Inc., many department stores and some apparel merchants among those falling short of expectations. An equally mixed group -- J.C. Penney Co. Inc., Neiman Marcus Group Inc., Saks Inc. and Limited Brands -- were among those whose sales met or beat analyst expectations.See the full content of this document
Extract
Retail Sales Were Lackluster in June
The results, a significant change from the robust sales the industry saw from January through May, raise questions about consumers' willingness to spend as they pay more for fuel and ...
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