Financial News

Macy’s, TJX, Kohl’s Rise on Sales Reports; Ross Stores Falls

Retailers generally posted better than expected same-store sales reports in October, adding to conviction that consumer confidence is indeed increasing in the U.S. Excluding drug stores, same-store sales rose 4,7%, ahead of expectations for 4.3% compiled by Thomson Reuters. Among the big winners was Macy’s (M), whose same-store sales rose 4.1%, versus expectations for 3.1% [...]
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