Sales, Retailer | featured news

U.S. retailers are posting moderate sales for February, dealing with mixed signals like payroll-tax increases and later income-tax refunds that were countered by a rousing stock market and better housing reports.

Wal-Mart Stores Inc 18 percent dividend increase and comments that U.S. sales patterns were more normal late last week after a slow start to the year helped boost shares of the world's largest retailer 2.6 percent on Thursday.

Many top retailers reported strong January sales on Thursday after offering merchandise and deals that drew in shoppers in spite of higher payroll taxes.

Target (TGT) and Macy’s (M) announced that June same store sales were below analyst estimates. Sales at Target increased by 2.1 percent, below expectations of a 2.8 percent gain. Macy’s reported a 1.2 percent increase in same-store sales, well below the estimate of 2.3 percent.

Target Corp. said Thursday a key sales figure rose 1.1 percent in April, but it fell short of analysts' expectations. Analysts expected the discount retailer to post a 2.8 percent increase in stores opened at least one year, according to Thomson Reuters. That metric is a key gauge of a retailer's health because it excludes results from stores recently opened or closed.

Deep discounts and the warmest July weather in decades should help retail chains report a rise in monthly sales, with many expecting warehouse clubs and high-end chains to lead the way.

Online retailers experienced a sales surge Monday, capping off a holiday shopping week in which more Americans than ever decided to skip the mall. Early estimates indicated overall sales gains of between 15% and 21% for "Cyber Monday," compared to a year earlier.

Rain and rising unemployment dampened sales for retailers already reeling from consumers’ new frugality.