Ken Perkins News
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Macy’s Inc., Gap Inc. and Target Corp. led U.S. retailers to the biggest monthly same-store sales gain in more than a year as shoppers snapped up discounted merchandise chains were clearing out after the holidays.
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U.S. retailers reported sales gains in June as record-high temperatures on the East Coast pushed more shoppers into air-conditioned malls.
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U.S. retailers reported August sales that beat analysts’ estimates as back-to-school discounts and tax holidays lured consumers to malls.
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Discount retailers such as Target Corp. reported sales gains in May as shoppers sought to stretch their budgets.
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U.S. retailers’ June same-store sales about matched analysts’ estimates, with luxury chains such as Saks Inc. and discounters like TJX Cos. topping expectations and stores targeting middle-income consumers trailing projections.
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Sales gains at U.S. retailers probably slowed during May as concerns about the economy crimped purchases in the second half of the month.
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Sales at U.S. retailers grew for a 13th straight month in September, beating analysts’ estimates as consumers facing a sluggish economy snapped up discounts at teen apparel chains during the back-to-school shopping season.
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U.S. retailers reported July sales gains that missed analysts’ estimates as consumers cut spending ahead of the back-to-school season.
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Black Friday sales increased 6.6 percent to the largest amount ever as U.S. consumers shrugged off 9 percent unemployment and went shopping.
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Retailers may have lured more shoppers on Black Friday as an earlier start to their bargain bonanzas drew younger consumers.
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