sale of luxury chains, discounters best predictions

U.S. retailers in June same-store sales at analysts' estimates with luxury chains like Saks Inc. and TJX Cos. discounters such as topping expectations, and business-oriented middle-income consumers leakage paired projections. Pursuing same-store sales by more than 20 companies in the Retail Metrics Inc. rose 0.3 percent, compared with the average estimate of 1 percent of analysts polled by market research firm. The results follow an increase of 7.2 percent last year. Consumers were in front of the fear of unemployment remains above 8 percent, so that many discounters like TJX, which achieved an increase of 7 percent of sales. In the meantime, the stock market with luxury consumers still spend on the spot for years. The Standard & Poor's 500 gained broader index fell as retail. "Has the high-end consumers are particularly well-dressed during this recovery," said Ken Perkins, president of Retail Metrics in Swampscott, Mass. "At the lower end, a large number of middle-income consumers traded down." TJX, the discounter TJ Maxx and Marshalls, has beat analysts' average estimate for a 3.7 percent increase in sales. The company in Framingham, Mass., said profit this year may be as much as $ 2.39 per share, against a previous forecast for a maximum of $ 2.37. Same-store sales at Limited Brands Inc., parent company of Victoria's Secret, rose 7 percent, beating the average estimate of 2.6 percent. The sale of Saks in New York by 6 percent, surpassing the average estimate of 4.2 percent. The S & P retail trade rose by 1 percent Thursday in the news. The S & P 500 slipped 0.5 percent and gained 8.7 percent this year. Target Corp. sales rose by 2.1 percent below the average projection for a gain of 2.8 percent of the surveyed analysts Retail Metrics. Macy's Inc., the second-largest U.S. department store chain, reported a 1.2 percent increase in same-store sales, missing estimates of 2.3 percent. Macy said the sluggish economy and a reduction in tourist spending hampered sales. Most chains count locations open at least a year to total sales area. Turnover is an important indicator of the growth of a retailer, such as new locations and closing will be excluded. June, the results can be a sign that retailers are expected to differ by more than buyers with the purchase of season again to put in our studies is important, Perkins. "You need a reason to spend," said Perkins. "When you spend to give them a reason to go out and buy it."