June Retail Performance Softer, Jewelry Sales Help - Rapaport

Retail sales during June at big box stores across the United States were basically in-line with expectations as the weak economy continues to keep consumers home. Nordstrom Inc.'s June sales fell 14 percent to $731 million. Same-store sales decreased 18.6 percent. The company believes that quarter-to-date results, which combine the results of May and June 2008, provide the most accurate view of recent sales trends. Preliminary quarter-to-date sales of $1.45 billion decreased 2.8 percent and same-store sales decreased 5.9 percent.

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