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FBD: U.S. retail sales modestly beat expectations

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Source: Reuters

Discounts, heat fuel August US retail sales beat

CHICAGO, Sept 2 (Reuters) - U.S. retailers posted sales that beat modest expectations in August as consumers sought out bargains during the key back-to-school selling season.

The warmest August in more than a quarter of a century also helped lift sales of what summer apparel remained in stores. Off-price retailer TJX Cos Inc (TJX.N) even said its sales were hurt slightly because it did not have enough warm-weather clothing in stock.

Read more [http://www.reuters.com/article/idUSN0214629320100902]

Print | posted on Thursday, September 02, 2010 3:24 PM

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