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MAY 13, 2013 - TheStreet

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Retailers to Post Sluggish Earnings After Long Winter

NEW YORK (TheStreet) - Retailers are blaming extended cold weather this past winter for a decline in first-quarter sales, which will be reflected in companies' quarterly earnings, the bulk of which will be announced in the following two weeks. Large department stores and discount retailers including Macy's , Wal-Mart Stores , JC Penney , Kohl's and Nordstrom report later this the week. Best Buy , Target , Sears reporting next week. According to the Thomson Reuters Quarterly Same Store Sales Index of 78 retailers, same-store sales are expected to show a paltry 0.8% growth for the ... Read More

Tags: Retailers to Post Sluggish Earnings After Long Winter,  Best Buy Latest News