- California Governor and Lawmakers Reach Budget Deal
- CIT Confirms $3 Billion in Financing to Avert Bankruptcy
- Roubini: Recovery From Recession Will Be 'Very Ugly'
- Tuesday Look Ahead: Earnings May Trump Bernanke
- SEC Seeks to Rein In Stanford Receiver
- Cramer: Did FDIC Want CIT to Fail?
- Texas Instruments Profit, Outlook Top Expectations
- Productivity Booms, but Job Market Is Dismal
- Yahoo Set to Unveil New Homepage
- Jets Owner Says New Stadium Will Be Sold Out
- Toshiba Feeling the Blu's; Apple Next?
- Tech Stocks vs ETFs: Earnings Season Strategies
- CNBC’s Sports Twitter Rankings (July ’09)
- Toyota's New U.S. Boss: 'Time to Get Close to The Customer'
- Art Cashin: My Take on Goldman's S&P Call
- Lenny Dykstra, Michael Jackson, And Goldman Sachs is Running The Country - Your Emails
- Secular Bear Market For Another 10 Years: Strategist
- Lodging Losses Mount
- Bernanke preps for hot seat on bailouts, recovery
- Details of agreement to close California deficit
- House panel OKs new long-term care program
- Volkswagen to make new compact sedan in Mexico
- China denies links in US economic spying case
- Citigroup seizes resort where AIG held retreat
- New Barnes & Noble multi-format e-books dog Amazon
- GM has little room for error this time, exec says
- Struggling biotech Epix Pharmaceuticals goes bust
Children's Place June same-store sales fall
Text Size 
SECAUCUS, N.J. - Children's apparel retailer The Children's Place Inc. said Thursday its same-store sales fell 12 percent in June, a bigger drop than analysts predicted.
Same-store sales fell 15 percent in the U.S. and 5 percent in Canada. Analysts surveyed by Thomson Reuters, on average, expected same-store sales to fall 8.7 percent.
Total sales for the five-week period ended July 4 fell 9 percent to $111.9 million.
Same-store sales, or sales at stores open at least a year, are a key measure of retailer performance, because they measure growth at existing stores rather than from newly opened ones.
In the fiscal year to date, same-store sales fell 3 percent while total sales fell 3 percent to $615.5 million.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes