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Article: Analyst Tashjian predicts gains in same-store sales for June. (First Manhattan retail analyst Thomas H. Tashjian)
- Article from:
- WWD
- Article date:
- July 5, 1994
CopyrightCOPYRIGHT 1994 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- June's same-store sales figures were better than May's for the most part, according to a report prepared by analyst Thomas H. Tashjian of First Manhattan.
Major retailers will report June sales on Thursday.
After a slow spring, said Tashjian, warmer weather helped release pent-up consumer demand. As a result, many retailers met or exceeded plan in June, with apparel gains often exceeding those for hard goods.
The second and third week of June produced the best gains, with some leveling off subsequently.
With retailers holding lower inventories, the June sales pickup will obviate the need for heavy markdowns.
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