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What's Going On In Retail Today?

On Tuesday, three retail companies reported earnings and offered guidance.

Home Depot Inc HD 0.44% reported Q2 results in line with the estimates. However, its revenue forecast for the current year is slightly below the Street consensus thus dragging down the stock.

Dicks Sporting Goods Inc DKS 7.56% reported better-than-estimated earnings and boosted its forecast. This was enough to send the stock higher.

, "Partnerships w/ vendors, disappearing distinction bn on and offline. It's useful to have stores for sports."

TJX Companies Inc's TJX 5.49% tepid forecast dampened investor sentiment and dragged down the stock.

In the meantime, Redbook reported that retail sales in the United States recorded 0.3 percent drop on a month-over-month basis in the first two weeks of August. On a year-over-year basis, it recorded 3.1 percent growth.

Similarly, the retail Economist/Goldman chain store sales witnessed a drop of 1.6 percent in the second full week of August.

At time of writing:

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