American Eagle August same-store sales rise
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Teen clothing retailer American Eagle   Outfitters Inc. AEOS.O said on Wednesday its sales at stores   open at least a year rose 11 percent in August, helped by   back-to-school sales, and the company raised its quarterly   earnings forecast.
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Shoppers persevered at the nation's stores and malls in August, buying skinny jeans and other back-to-school fashions and giving many retailers solid sales gains for the month. The outlook for the rest of the year nonetheless remained unclear amid higher energy costs and interest rates and a deteriorating housing market.
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Teen retailers reported sharply higher   sales in August after kids flocked to stores ahead of the new   school year, but adult retailers fared worse as a slowing   housing market and higher energy prices crimped spending.
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U.S. chain store retail sales rose in  the latest week, a report said on Tuesday.
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McDonald&#39;s Corp. said Wednesday worldwide sales at its namesake restaurants open at least 13 months rose 3.9 percent in August, helped by strong sales of new menu items, including fried chicken strips.
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US retail sales excluding autos rose for a fourth month in August, suggesting stronger consumer spending that will help the economy accelerate this quarter.
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U.S. chain stores sales edged up in  the first week of July, helped by sales of food and outdoor  equipment for the Independence Day Holiday, a report said on  Tuesday.
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Teen retailers reported sharply higher  sales in August after kids flocked to stores ahead of the new  school year, but adult retailers fared worse as a slowing  housing market and higher energy prices crimped spending.
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Target Corp  on Thursday said August sales at stores open at least a year rose 6.1 percent, beating expectations and sending its shares up more than 2 percent.
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Sales of new U.S. homes unexpectedly  rose in August to a seasonally adjusted 1.050 million  annualized rate after a sharp downward revision in July's  tally, while the inventory of homes for sale eased slightly, a  government report showed on Wednesday.
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Argos and Homebase owner Home Retail Group says sales are rising at both store chains.
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Major retailers, led by discounters Wal-Mart and Target, turned in better-than-expected August sales on Thursday, as consumers went back-to-school shopping despite higher gasoline prices and the nation's housing meltdown.
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Wal-Mart Stores Inc  on Thursday reported a higher-than-expected 3.1 percent rise in August sales at its U.S. stores open at least a year as the retailer cut prices to entice more back-to-school shoppers.
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American Eagle Outfitters Inc.   on Wednesday said May sales at stores open at least a year rose  5 percent, slightly missing Wall Street targets, but the teen  clothing retailer reiterated its second-quarter earnings  forecast.
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The 0.3 percent increase in retail sales was about half what had been expected. In another sign of weakness, industrial production in August edged up by just 0.2 percent.
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Semiconductor companies moved higher in trading Thursday after an industry group said sales rose 1.1 percent to $18.2 billion in August from the previous month, and that inventories are on the decline.
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Retail sales rebounded by 0.6 percent in August, buoyed by higher sales in food, department and clothing stores, defying expectations of a second monthly decline.