Posted: May 5, 2011 8:45 AM by Monica Gouty, News First 5
Updated: May 5, 2011 8:45 AM
NEW YORK (AP) - Retailers are reporting strong April sales that were helped by a late Easter, capping off a solid spring season. However, some stores are starting to warn that shoppers are
facing increasing pressure from high gas prices. As merchants report their results Thursday, a diverse group, including Costco Wholesale Corp., Victoria's Secret's parent company and teen retailer The Buckle posted surging sales and beat Wall Street expectations.
Target Corp. reported sales gain that were below internal expectations and said its shoppers face increasing pressure on their household budgets.
The figures are based on revenue at stores opened at least a year and are considered a key indicator of a retailer's health because it excludes results from stores opened or closed during the