Macy’s, Kohl’s outperform J.C. Penney in June

New York City -- With same-store sales increases of 6.7% and 7.5% respectively, Macy’s and Kohl’s outperformed rival J.C. Penney in June, as J.C. Penney came up short of Wall Street estimates with a slight 2% gain. Macy’s saw total sales rise 7.5% in June to $2.4 billion. “Sales growth in June exceeded our expectations,” said Terry J. Lundgren, chairman, president and CEO. “Once again, the growth came from across the company -- Macy’s and Bloomingdale’s stores and online sites.” Macy’s is again raising its guidance for second quarter sales. Kohl’s blew past Wall Street expectations in June, as