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 […]
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.
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