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Originally published Thursday, July 8, 2010 at 11:03 AM

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Department stores June revenue figures mainly rise

Most major department stores reported Thursday that their June revenue in stores open at least a year rose more than expected as shoppers bought summer items such as dresses and took advantage of sales.

The Associated Press

NEW YORK —

Most major department stores reported Thursday that their June revenue in stores open at least a year rose more than expected as shoppers bought summer items such as dresses and took advantage of sales.

Here's a glance at the reports and how the market reacted:

- Macy's June revenue at stores open at least a year climbed 6.5 percent and beat the average forecast from analysts surveyed by Thomson Reuters for a 6.1 percent increase.

Macy's shares rose 32 cents to $18.23 during midday trading.

- J.C. Penney Co. also beat expectations as strong clothing sales helped lift its June revenue in stores open at least a year by 4.5 percent. Analysts expected a 3.4 percent increase.

Penney's shares rose $1.35, or 6.2 percent, to $23.13, still near the bottom of their 52-week range of $20.32 to $37.21.

- Dillard's Inc.'s June revenue in stores open at least a year rose 2 percent, beating analysts' expectations for a 1 percent decline.

Its shares fell 13 cents to $20.85.

- Kohl's Corp. said its June revenue rose 5.9 percent in its stores open at least a year, short of the 6.5 percent rise analysts expected.

Its shares fell $2.06, or 4.2 percent, to $46.48.

- Luxury department store operator Saks Inc. said its June revenue in stores open at least a year rose 2.5 percent, topping Wall Street forecasts for a 2 percent rise.

Its shares rose 22 cents, or 2.9 percent, to $7.78 near the midpoint of their 52-week range from $3.90 to $10.65.

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- Nordstrom Inc. said June revenue at its stores open at least a year climbed 14.1 percent, handily beating analyst forecasts for a 9.6 percent rise. A clothing sale held a week later than last year helped.

Nordstrom shares fell 76 cents to $33.02.

- High-end Neiman Marcus Inc., which is privately held, said its June revenue in stores open at least a year rose 1.9 percent in June, helped by better sales of dresses, women's shoes, jewelry and beauty items. The figure includes revenue at the company's namesake stores and its Bergdorf Goodman stores.

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