Retailers report stronger same store sales in April

National retailers reported stronger than expected sales during the month of April, boosted by Easter holiday shopping and stronger consumer confidence.

Costco Wholesale's revenue at stores open at least a year climbed 12 percent in April, beating the expectation of the analysts surveyed by Thomson Reuters who predicted an 8.9 percent increase.

Limited, operator of the Victoria's Secret chain, boosted sales 20 percent, almost double the average gain of analysts' estimates compiled by Retail Metrics, which tracks more than two dozen U.S. chains. Sales at Macy's, the second-largest U.S. department store chain, rose 10.8 percent, also surpassing projections.

Read Full Article from The Seattle Times

- Posted: 2011-05-05 15:07:22

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