Kohl's September sales strong; profit forecast raised
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Mid-priced department store operator  Kohl's Corp.  on Tuesday reported better-than-expected  September sales at stores open at least a year and raised its  third-quarter earnings forecast.
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Costco Wholesale Corp. COST.O  reported higher-than-expected quarterly profit and a healthy  rise in September sales on Thursday, sending its shares up 2  percent in pre-market trading.
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Target Corp. TGT.N on Monday   raised its September forecast, saying it now expects same-store   sales to rise about 5 percent.
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Starbucks Corp. SBUX.O on  Wednesday said quarterly net profit rose 47 percent, helped by  sales of new products like Frappuccino Light, aggressive store  expansion, and an extra week.
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Wal-Mart Stores Inc. said Saturday sales at stores open at least a year rose 2.3 percent in September, according to its preliminary tally, helped by sales of bedding, electronics, food and pet supplies.
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U.S. department stores and clothing retailers posted surprisingly strong September sales on Thursday as falling gasoline prices and cool weather spurred spending on fall fashions such as skinny-leg pants and long tops.
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J.C. Penney Co. Inc. said on Thursday  its September sales at department stores open at least a year  rose 2 percent.
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Stocks began September with strong   gains on Friday as a report showing slightly more-than-expected   U.S. job growth lifted hopes that companies will sustain   profitability even as the expansion moderates.
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A surprisingly big climb in U.S. retail sales in September and a larger-than-expected gain in underlying producer prices bolstered hopes for an economic revival and views the Federal Reserve will keep raising interest rates.
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General Motors Corp said its September sales jumped 25per cent, boosted by strong demand for its pick-ups and sport-utility vehicles.
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Kohl's Corp. reported a 29.3 percent profit increase in the fourth quarter, as the midlevel retailer benefited from strong sales of its exclusive brands.
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Costco Wholesale Corp.  on  Thursday said September sales rose 4 percent at its stores open  at least a year, helped by demand for gasoline and fresh food.
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Target Corp. TGT.N on Monday   raised its September forecast for sales at established stores   to about 5 percent, sending its shares up nearly 3 percent.
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CHICAGO - Wal-Mart Stores Inc. on Monday maintained its September sales forecast and said back-to-school demand picked up for key categories including electronics and clothing after a sluggish start.
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U.S. stocks began September with   strong gains on Friday as a report showing slightly   more-than-expected U.S. job growth in August lifted hopes that   companies will sustain profitability even as the expansion   moderates.
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No. 1 U.S. drugstore chain Walgreen  Co.  on Tuesday said sales at stores open at least a  year rose 8.5 percent in September, helped by strong pharmacy  sales.
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Nordstrom Inc. JWN.N on Tuesday  posted a 34 percent rise in its quarterly profit, helped by a  better-than-expected increase in same-store sales as the  upscale department store chain focused on keeping a lid on  expenses.