June retail sales stir back-to-school hope
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Retailers, including industry leader Wal-Mart Stores Inc. , reported June sales that topped Wall Street's conservative expectations on Thursday, raising hope for the back-to-school shopping season.
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The August start of the back-to-school shopping season was a disappointment for major retailers.
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Limited Brands meets same-store sales growth expectations for June.
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The company backs September same-store sales growth forecast as back-to-school sales finally pick up.
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Clothing chains American Eagle Outfitters and Abercrombie & Fitch posted surprisingly strong sales as young people flocked to malls ahead of the new school year.
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Shoppers got their buying groove back last month, propelling sales at the nation&#39;s retailers by a strong 1.5 percent. It was the best showing since March.
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U.S. retail sales excluding cars  increased 0.2 percent in June, as falling gasoline prices  curbed overall sales growth, according to data from  SpendingPulse released on Thursday.
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Clothing retailer Abercrombie & Fitch Co.  on Thursday reported a 2 percent increase in June sales at stores open at least a year, rather than the decline analysts were expecting, and its stock rose 6 percent.
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NEW YORK -- Consumers returned to the malls in August for a late back-to-school buying spree, helping many retailers rebound from July's sluggish pace. But analysts are still worried that the weakening housing market and higher food and gas prices will curtail shopping in the critical months ahead.
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The back-to-school shopping season has already begun, but the forecast for U.S. clothing sales appears cloudier than in years past.
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The board-sports retailer enjoys back-to-school season.
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U.S. chain store sales rose in the  first week of August, helped by back-to-school tax holidays in  some states and summer clearance sales, a report showed on  Tuesday.
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Better than expected June figures for same-store sales, following a strong May, excite investors.
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Two days ago, stocks raced to record highs  on reports of strong June retail sales. Yesterday, the news cycle did an about-face as June retail sales were described as "crashing" and "plunging" in a record drop.
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Retail chains on Thursday reported moderate May sales increases as warmer weather fueled demand for seasonal items, like gardening and other outdoor goods, helping retailers rebound from a dismal April.
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British retail sales climbed in June from the previous month, official data has shown.
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The big four drugstore chains report higher comparable sales in June.