Costco, Target, BJ's All Miss Mark (Update2)

With the eyes of the world -- or at least the financial world -- upon them, Costco Wholesale(COST Quote), Target(TGT Quote) and BJ's Wholesale Club(BJ Quote) failed to deliver the results today that might have bolstered hopes of a turnaround.

As the only three retailers left in the discount space reporting May same-store sales today, all missed analysts' expectations.

Costco's comparable sales tumbled 7%, shy of analysts' expectations of a 6.4% decline. The company said it was hurt by the stronger dollar and declining gas prices. ...