Retailers Post Disappointing Sales in June

Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy. Thomson Reuters was expecting its same-store sales index to inch up 0.5 percent in June, far weaker than a year-ago when the index rose 6.7 percent in June. June tends to be a weaker month on the retail calendar with fewer reasons to drive shoppers to the store.