"Massive sales on retail goods. Is this just the time of year or are they swimming in stock?"
Looks fairly mixed based on this from this AM:
Oh... but look how well Saks is doing! Lynne Cheney has been busy shopping I see
http://finance.yahoo.com/mp?u8:54AM Family Dollar reports June comps up 0.9%, Briefing consensus +2.0% (FDO) 29.77: Company expects sales in existing stores in both the July and August reporting periods to increase in the 2-4% range.
8:36AM Sears, Roebuck reports June comps down 3.1%, Briefing consensus -2.0% (S) 35.71:
8:36AM Ross Stores reports June comps decrease of 4.0%, Briefing.com consensus -1.7%; guides Q2 below consensus (ROST) 25.63: Company issues downside guidance for Q2 (Jul), sees EPS of $0.29-0.30 ex items vs. Reuters Estimates consensus of $0.32.
8:33AM Gap Inc June comps down 2%, Briefing.com consensus called for 3.7% growth (GPS) 23.48:
8:32AM Tollgrade reaffirms Q2 outlook in line (TLGD) 10.41: Company reaffirms guidance, still sees Q2 loss of $0.04 to profit of $0.03, vs the Reuters Estimates consensus of $0.03, and revenues of $13-16 mln, vs the Reuters consensus of $15.5 mln.
8:32AM 99 Cents Only Q2 same store sales decreased 2.5% (NDN) 14.90:
8:32AM Kohl's reports June comps down -3.7% vs Briefing.com consensus called for 2.3% decline (KSS) 41.46: Co reits Q2 (Jul) EPS of $0.42-$0.45.
8:31AM Dollar General reports June comps up 2.3%, Briefing consensus +2.6% (DG) :
8:30AM Saks reports June comps up 8.5%, Briefing consensus +5.6% (SKS) 13.63:
8:26AM Payless Shoe reports June comps down 1.0% (PSS) 14.49:
8:26AM Target reports Jun same store sales increased 2.3% y/y, Briefing.com consensus +2.1%, reaffirm Q2 EPS guidance (TGT) 41.49: Co states, "Sales for Target Corporation were well below plan for the month of June. Despite our lower-than-expected sales for the month, we remain comfortable that we are likely to achieve second quarter EPS in the range of 46 to 47 cents", Reuters consensus is $0.47.
8:17AM Federated reports June comps up 3.4%, Briefing consensus +4.5%, reaffirms Q2 & Y05 outlook (FD) 47.13: Company also reaffirms guidance, still sees Q2 EPS of $0.57-0.62, which includes expected costs of $29 mln for home store centralization and $11 mln of store closing and consolidation costs, vs the Reuters Estimates consensus of $0.66; reaffirms Y05 EPS guidance of $3.80-3.90, vs the Reuters consensus of $3.96.
8:14AM May Dept June same store sales increase 2.2%, Briefing.com consensus +2.6%. (MAY) 26.64:
8:05AM TJX Cos reduces guidance, comps up 2%, Briefing.com consensus called for 3.9% growth (TJX) 24.11: Company issues downside guidance for Q2 (Jul), sees EPS of $0.24-0.25 vs. Reuters Estimates consensus of $0.28.
8:02AM Abercrombie reports June comps down -5% vs Briefing.com consensus +0.4% (ANF) 37.59:
8:02AM Jo-Ann Stores June comps increase 6.8% (JAS) 28.06:
8:00AM Dillard's reports June comps down 1.0%, Briefing consensus flat (DDS) 22.09: