Retailers posted higher-than-expected September same-store sales, even as analysts raised their estimates as the month came to a close, with the performance potentially enough to end a year-long streak of falling sales.
Victoria's Secret parent Limited Inc. was among the upside surprises, reporting its first same-store-sales increase since August 2007. Target Corp. reported a 1.7% drop, meeting estimates, but the company was among the companies on Thursday projecting fiscal third-quarter earnings at or above expectations.
Thursday, October 08, 2009
Retailers' Same-Store Sales Top Estimates
The Wall Street Journal reports: