U.S. retailers posted moderate sales for February, offering hope sales might continue to improve in the spring. In a survey of 13 retailers by Thomson Reuters, retailers including Costco, T.J. Maxx and Victoria's Secret all reported February same-store sales gains that topped analysts' expectations, while Gap reported a better-than-expected 3 percent gain. In all, retailers posted a 1.8 percent increase, topping the 1.2 percent consensus estimate.
Saban Brands, a brand management, marketing, promotion and strategic business development firm, revealed new collections for its Paul Frank license this week at Las Vegas trade show MAGIC. Included in the collections is a line of daywear, swimwear and sleepwear for juniors by Age Group that will launch this fall, as well as a line of Paul Frank timepieces by MZ Berger available next month.