- The Washington Times - Thursday, January 7, 2010

NEW YORK (AP) — The nation’s retailers are reporting signs of life in December sales figures that show modest holiday gains. Several are raising profit outlooks because they didn’t have to resort to drastic price-cutting because of lean inventories.

As merchants report results Thursday, warehouse club operator Costco Wholesale Corp., The Buckle and Children’s Place Retail Stores Inc. are reporting gains.

Even Sears Holdings Corp. is announcing a small increase because of strength at Kmart stores. Sears and Limited Brands are among retailers raising profit outlooks.

Stragglers included jewelry chain Zale Corp.

The sales figures are based on sales at stores open at least a year and are considered a key indicator of a retailer’s health.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide