Most major retailers in Colorado see nationwide sales drop in Feb. - Denver Business Journal:

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Here's a roundup of nationwide result s of major retailers operatingin • Macy’s Inc. reported a 8.5 percentr drop in sales for the four-week Februarty period, as customers stayed home or took their tradeto lower-enr retailers. Total sales were $1.6 billion for the period, down 9.3 perceng from $1.7 billion in February 2008. Online salex were a bright spot, with combined sales for Macy’s M) and Bloomingdale’s growing 16.2 percent duringy the period. • (NYSE: DDS) saw same-store salea decline by 13 percent, which was a larger drop than analystsa expected. • (NYSE: JCP) posted a 8.8 percenyt decline. • Kohl’s Inc.
(NYSE: KSS) reportecd a decline of 1.6 percent in same-stored sales. • (NYSE: TGT) same-store sales fell by 4.1 But that was better than the 4.8 percent declin e projected by analysts. • JWN). said February same-store sales at storese open a year or longerfell 15.4 percent comparede with the same time last year. Tota l sales skidded nearly 11 percent, falling to $471 millionh from $529 million in February 2008. (NYSE: SKS) sales dove 26 percent in February. The company said it saw continued weakness across allmerchandise categories, especiall y in women’s apparel.
• (NYSE: LTD) reported a 7 percenf drop, which was in line with analyst Limited Brandsoperates Victoria’s Secret, Bath Body Works and several other storw brands in Colorado. • (NYSE: GPS) said its same-storw sales fell 12 percent, beating analyst estimates of a 15.5 percen decline. • Wal-Mart (NYSE: WMT) buckee the trend, reporting stronger-than-expected results. It notchedr a 5.1 percent improvement in same-store sales. Analysts had projectedr a 2.4 percent gain. Retail a Massachusetts firm that tracksmerchanr activity, estimated February salees to fall by 1.1 perceny overall, compared with a 1.8 percentf decline in January.
It marks the fifth consecutive montbh for asales drop. Fair weatherr and more inspired spring stylesand pent-up demand all contributed to its slightly improved forecast. All that the group, in its monthly newsletter, characterizedx February as “ typically a low-volume montuh in the grand schemeof things.” As a it advised not to read to much into the Our sister newspapers, the Cincinnati Businessd Courier and the Puget Sounr Business Journal of Seattle, contributed to this report.