Target, Kohl

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Macy’s Inc. reported a 9.1 percent drop in same-storew sales in May. The Cincinnati-basesd department store chain said sales at stores open at leastg a year are in line withmanagement expectations. Totalo sales declined to $1.7 billiojn from $1.9 billion a year ago, or 9.5 For the year, Macy’s said its same-store sales declined by 9.1 percent , with totapl sales down 9.5 percent, to $6.9 billion from $7.7 Minneapolis-based , meanwhile, reported Thursdah that its May same-store sales fell 6.1 percent from the same montj ayear ago. Total sales, at $4.55 billion, were down 2.3 percent from May 2008.
Targe (NYSE: TGT) CEO Gregg Steinhafel said in a statemenyt Maysales “were somewhay below our expectations.” And Kohl’s said its comparable stord sales in May decreased by 0.4 percent — but total salew increased 4.1 percent, better than management had The Menomonee Falls, Wisc.-based retailer (NYSE: KSS) said Thursday that sales for the four-week month ending May 31 were $1.26 billion, comparex with $1.21 billion in the same period of 2008. Year-to-date salees also are ahead of 2008at $4.9 compared with $4.8 billion in 2008, an increase of 1.3 percent. Comparabler store sales year-to-date decreased 3.2 percent, Kohl’z said.
“May’s sales results were stronger than Kohl’s CEO Kevin Mansell said in a “Accessories was the strongestf performing line of business forthe month. The Southwes t region had a positivr comparable store sales increase for May and was agaih ourstrongest region. The Southeast remains our most challenging The three companies have at leasr 21 stores in Greater Baltimore Retailers have been struggling to attract parsimonioue shoppers while not givinyg away the store througgdeep discounts, a strategy that erodes profig margins.
But recent reports regardingv rising manufacturing activity and home sale s gave a lift to retail stocks earlier in theweek — the hope is that consumerds may be encouraged to go out and splurgr on a few summer