Friday, June 1, 2012

U.S. retailers report strong May same-store sales

Photo: CorbisSeveral top retailers reported stronger-than-expected sales in May, as shoppers overcame growing anxiety about the U.S. economy and the job market. Victoria's Secret parent Limited Brands Inc said on Thursday that sales at stores open at least a year had risen 6 percent in the four weeks ended May 26. The report came the day after department store chain Macy's Inc posted a 4.2 percent increase. Both companies beat Wall Street forecasts, according to Thomson Reuters I/B/E/S.

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