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Department-Store Sector: Dismal (Updated)

Stock quotes in this article: M , JCP , KSS , SKS , JWN , DDS  

While it's true that some department-store retailers' recent reports managed to skim across analysts' low-balled exceptions, the department-store sector continues to be, in a word, dismal.

Overall the sector was well below the 4.6% decline U.S. chain stores reported for the month, according to the International Council of Shopping Centers. By our tally, department stores saw a drop of 11.5% in sales.

Kohl's(KSS Quote) fared the best out of the sector, tipping .4% compared with the 3.8% decline predicted by analysts. ...

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