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Thursday, March 04, 2010
Retail Sales in U.S. Jump Most in 2 Years in February
Bloomberg
Sales at Abercrombie & Fitch Co., Macy’s Inc. and Gap Inc. beat analysts’ estimates in February as holiday sales and spring collections tempted consumers to go shopping in a month of record snowfalls.
“These results support the thinking that retail has momentum going into Easter,” Brian Sozzi, an analyst with Wall Street Strategies Inc. in New York, said in a telephone interview. “March could be another good month.”
Link to full article: http://www.bloomberg.com/apps/news?pid=20601103&sid=aPR_A6895hLw
Posted by Brian Sozzi, Research Analyst
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