Retailers Mixed After Sales Data; Kohl’s Drops, TJX Rises

Eighteen retailers reported their sales growth numbers for May yesterday and today, with the majority beating estimates. Overall, the retailers posted same-store-sales growth of 3.9%, ahead of expectations for 3.6%, according to Thomson Reuters I/B/E/S. April sales were weak, and the slowdown was blamed on weather and as shift in the Mother’s Day and Easter [...]