Update: Weather, discounts boost May retail sales
from The Wall Street Journal
Retailers said sales continued to improve in May as warmer weather and a surge of promotions helped to boost traffic. A strong report from Costco Wholesale Corp., which has a hefty weighting in the Thomson Reuters index that tracks retailers' monthly sales, helped overall results top expectations for the third consecutive month, with teen apparel retailer Buckle Inc. the only one to disappoint. Thomson Reuters said mall traffic improved toward the end of the month, during the Memorial Day weekend. Likewise, many retailers posting quarterly results in recent weeks have noted that sales trends picked up in April and continued in May.
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