Retailers report positive March sales


Salon Staff
April 5, 2012 4:18PM (UTC)

NEW YORK (AP) — Retailers are reporting warm weather and demand for new spring fashions helped push March sales up.

Target Corp, Macy's, Limited Brands Inc., which owns Victoria's Secret and Bath and Body Works, and outdoor sports retailer Zumiez reported better-than-expected sales for March.

Advertisement:

Still, there were some patches of weakness as worry over high gas prices and unemployment kept some spending muted.

Teen retailers The Buckle and Wet Seal missed expectations. Costco Wholesale Corp.'s results also came in just shy of expectations as currency fluctuations hurt sales.

The figures are based on revenue at stores opened at least a year and are considered a key indicator of a retailer's health. Economists closely watch consumer spending since it accounts for more than 70 percent of all economic activity.


Salon Staff

MORE FROM Salon Staff



BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •