NEW YORK (TheStreet) - Last month's two-week government shutdown didn't seem to deter consumers from shopping.Though retail observers warned of a possible pullback, October sales grew compared to the same month in 2012, according to figures published by many of the country's largest retailer on Thursday.Analysts were quick to point out that retailers used aggressive promotions to lure otherwise frugal shopper into their stories. October same-store sales beat Wall Street expectations, registering 4.4% growth compared to an estimate of 3%, according to data compiled by Thomson Reuters.
Similar Stories to What Shutdown? October Retail Sales Beat Froecasts on Bing News
twocents@thestreet.com (Laurie Kulikowski), The Street
Thu, 11/07/2013 - 2:51pm
Topics: york thestreet last wall street brian sozzi belus capital advisors sozzi limited brands navy banana republic earlier costco wholesale estimates bath body works net victoria's secret positive j.c penney plano texas-based december janney capital markets adrienne tennant gabriella carbone softline sector columbus day hurricane sandy q13 eps zumiez thomson reuter shares on wednesday american eagle outfitters ceo robert hanson late tuesday fitch gilly hicks the new albany ohio-based u.s international written laurie kulikowski york gps the the october reuters sozzi ceo gap l brands secret la senza november september american eagle tuesday abercrombie new click shutdown retail sales beat company earnings comparable quarter cents rose growth same-store period compared comps year third-quarter billion expectations month expected fell increased million pre-announced weeks mall point store results ended monthly thursday margins analysts increase government stores holiday offset promotional report environment declined spending total direct-to-consumer inventory drive season expects slightly metrics jumped grew week dropped previously rise risk troubled apparel price missed improved highly expense includes
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