July Was a Mixed Bag for Retailers

Same-store sales for July were mixed for U.S. retailers, with Target and Macy’s showing strength, while teen retailers like Wet Seal and Buckle had a soft start to the back-to-school season. Eighteen retailers tracked by Thomson Reuters reported a 4.6 percent rise in same-store sales when 3.1 percent was expected for July, compared with 4.8 percent last year.