Retail stores report solid gains in July sales
Merchants reported their sales for July on Thursday, and many came in better than expected. Target Corp. and Costco Wholesale Corp. reported a gain above analysts' expectations. (May 15, 2012) Credit: Bloomberg News
Retailers are reporting solid gains in July in a key revenue figure, helped by hot weather and clearance sales.
As merchants reported their sales early Thursday, many came in better than expected. Costco Wholesale Corp. and Target Corp. reported a gain above expectations.
As the back-to-school season kicks off, teen clothing sellers were mixed. Wet Seal and Zumiez both missed expectations. But Hot Topic and American Eagle reported strong second-quarter figures.
The figures are based on revenue at stores open at least a year. That is considered a key indicator of a retailer's health because it excludes newly opened and closed stores.
What you missed this week on NewsdayTV NewsdayTV takes a look back at some of our investigations and exclusive stories from this week.
What you missed this week on NewsdayTV NewsdayTV takes a look back at some of our investigations and exclusive stories from this week.
