Robust Same-Store Sales
May 08, 10:53 AM EDT |
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| Retailers posted strong April sales taking advantage of later Easter, falling in April this year rather than March |
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| Major retail companies reported stronger-than-expected monthly sales figures. Wal-Mart reported a 6.8% gain in same-store sales that was better than the 5.7% estimate from analysts. Costco Wholesale Corp. had a 7% gain in same-store sales, beating the 5.5% estimate. Limited posted a 9% increase in same-store sales, better than the 5.2% gain expected. Pacific Sunwear of California had a 14% gain in same-store sales, exceeding the 5.2% estimate from analysts. |
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