Apparel
May 18, 2008
Department store sales weak, but beat Street
“The trick is how long can they keep this running in this type of environment. It's easy to pull this out in one quarter. It's not as easy to do this in three or four if the environment stays lousy.”
The weak economy took its toll on department stores on Thursday, as retailers Nordstrom, Kohl's and J.C. Penney reported lower first-quarter net profits, with all citing challenges stemming from the weakened ... via Reuters
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