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Slowdown Bites June Retail As Stocks Face Markdowns
National consumer buying weakened in June hitting apparel and soft goods. Wall Street saw selling in K Mart and J. C. Penney as analysts noted slower sales growth, with Sears weathering better due to durability focus and regional strength.
MENTIONED IN THIS ARTICLE
N.Y
New York
Wall Street
K Mart Corp
J. C. Penney Co
K Mart
New York Stock Exchange
Penney
Walter F. Loeb
Morgan Stanley & Co
Sears, Roebuck & Co
Sears
Arthur M. Wood
Chicago
East
Midwest
K Mart’s