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  • Consumer sentiment improves for low and high income groups

    YONKERS, N.Y. — Retailers that cater to lower-income and higher-income consumers should be pleased with the most recent Consumer Reports Index, as those two groups showed the greatest improvement in consumer sentiment.

    The Consumer Reports Index, an overall measure of Americans' personal financial health, saw a sharp improvement in its consumer sentiment measure, which jumped to its highest level since October 2008.

  • TJX, Ross continue discounter dominance

    FRAMINGHAM, Mass. and PLEASANTON, Calif. — Fashion discounters continue to thrive in this economy, with TJX and Ross Stores continuing to report impressive monthly sales results.

    TJX reported June sales of $2.3 billion, an increase of 9% over the $2.1 billion achieved during the same period last year. Consolidated comparable-store sales for the five-week period increased 7% over last year.

  • TJX and Ross shine in June

    New York -- As discounters such as Target, Stein Mart and warehouse club operator Costco posted disappointing same-store sales results in June, TJX Cos. and Ross Stores shone with gains that surpassed Wall Street estimates. TJX saw a same-store sales rise of 7% in June, beating the 4.2% rise predicted by analysts. Ross was up 7% for the month, after Wall Street forecast a 4.8% increase. Sales rose 12% to $886 million in June. Both chains raised their second-quarter profit forecasts.

  • Macy’s and Kohl’s post disappointing results in June

    New York -- Analysts expected 18 top retail chains to report a modest gains in June, as high unemployment and falling consumer confidence have taken a toll on spending.

    Among the department store retailers reporting June same-store results so far, the results were largely mixed. Macy’s was among the retailers reporting sales that fell short of estimates. Same-store sales rose 1.2% in June, missing Wall Street’s projected 1.9% gain.

  • The Laundry to open at West 7th

    Fort Worth, Texas -- Dallas-based Cypress Equities said that drycleaner The Laundry will open at the mixed-use development West 7th, located in Fort Worth, Texas.

    The 963-sq.-ft. shop is slated to open later this year.

    West 7th’s retail and office components are being developed by a Cypress Equities company and the residential component by Columbus Realty Partners.
     

  • Retail sales lackluster in June, specialty stores hit and miss

    New York -- Disappointing same-store sales results in June weren’t necessarily unexpected, as the month typically trends weaker as shoppers have fewer reasons to shop.

    Thomson Reuters, which polls 18 U.S. retail chains, projected its Same-Store Sales Index to inch up 0.5% in June, far below last year’s 6.7% rise for the month. Analysts have said that warm weather may have prompted consumers to make summer apparel purchases earlier than usual, shifting sales from later months like June.

  • Francesca’s opens at Willow Grove Park

    Willow Grove, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Francesca’s Collections has opened a 1,046-sq.-ft. store at Willow Grove Park, located in Willow Grove, Pa.

    Laila Rowe is slated to opena 1,181-sq.-ft. store in September.

  • Body Central opens at Cumberland Mall

    Vineland, N.J. -- Philadelphia-based Pennsylvania Real Estate Investment Trust said that Body Central has opened a 4,256-sq.-ft. store at Cumberland Mall, in Vineland, N.J.

    Justice also recently opened at Cumberland Mall, which is anchored by Boscov’s, Marshalls, J.C. Penney, Burlington Coat Factory, Michaels, Old Navy and Bed Bath & Beyond.

     

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