Kantar Retail attributed the slight decline in July to a “tough promotional environment and the diverging spending intentions of shoppers by income group.”
Among the 31 retailers reporting monthly sales, department stores posted better than average results over last year.
Neiman Marcus reported the largest gain among all the retailers posting a 12.3 percent increase, while Nordstrom reported a 7.6 increase and Macy’s a 7.3 percent increase.
Overall, Limited posted the second largest gain in same-store sales at 12 percent, followed by Tandy Leather Factory at 11 percent. July’s biggest declines, according to Kantar Retail’s report, were Buckle, Hot Topic and Duckwall-Alco, down 9.3 percent, 9 percent and 5.9 percent, respectively, versus last year.
“Retail sales growth appears to
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