June Looks Solid for Specialty Retailers

The first trickling of June same-store sales reports from specialty retailers showed that apparel buying was strong during the month, as several companies reported higher-than-expected results after the bell Wednesday.

Teen retailer Aeropostale(ARO Quote) posted a huge 21.3% jump in June same-store sales with overall sales in the month up 51.6% at $69.6 million. In comparison, the Briefing.com consensus had been calling for a 12.3% increase in June same-store sales.

"Our June results reflect the timely sell through of our summer merchandise as well as a strong customer reaction to our back to school assortment. We ended the month with appropriate inventory levels and we continue to believe that we are well positioned for the back to school selling season," the company said in a statement. ...