Limited sees flat September same-store sales
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Limited Brands Inc  said on  Thursday sales at stores open at least a year rose 1 percent in  August, in line with the retailer&#39;s expectations, but it  expects same-store sales to be flat in September.
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Stocks were little changed on Thursday as rising oil prices cooled investors' enthusiasm for shares despite strong sales posted by retailers in September.
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From discounters to upmarket department stores, many US retailers have reported lacklustre sales for September. Although the hurricanes which battered much of the east coast of the US during the month were
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U.S. stocks were seen opening  lower  on Thursday as rising oil prices and lackluster September sales  reports from retailers overshadowed a government report showing  a decline in weekly jobless claims.
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Sales are flat for the company, but the valuation still appears to be fair.
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U.S. chain store sales fell in the  third week of October, with sales being delayed by the summer  like weather, a report said on Tuesday.
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Investor's Business Daily - Market News' retail trade index bounced 3.7 points to a still-weak 41.5 in the Oct. 27 week. Readings below 50 signal more chains are reporting slowing conditions. Same-store year-on-year sales growth is very weak at 0.7%, with total sales growth at 4.1%. Income is also weak, with 43% of the sample reporting declines vs. 40% reporting gains. Retailers blamed housing woes.
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Marks &amp; Spencer, reporting its fourth straight quarter of falling sales, says food sales slipped slightly in the last two weeks of September but clothing was steady.
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Stocks were mostly flat on Wednesday as worries about a sales forecast from Target Inc  and falling home prices were offset by gains in energy shares.
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Target Corp.  on Monday  raised its September sales forecast, saying it now expects  same-store sales to rise about 5 percent.
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CHICAGO - Wal-Mart Stores Inc. Monday said it still expects a 2 percent to 4 percent increase in September sales at its US stores open at least a year, and back-to-school demand picked up after a sluggish start.
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Stocks finished largely flat on news of weaker-than-expected retail sales and a jump in oil prices.
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Top U.S. retailers, including Wal-Mart  Stores Inc. WMT.N, reported lackluster September sales on  Thursday, as warm weather and string of hurricanes that  battered the East Coast dampened buying.
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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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The outlook for the holiday shopping season grew more uncertain Thursday as the nation&#39;s largest retailers reported they had a fourth straight month of tepid sales in September.
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US retailers are expected to post modest November sales this week, with No. 1 retailer Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) already cutting its holiday
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Wal-Mart Stores Inc.  on Wednesday said September sales growth was smaller than the company estimated just four days earlier, sending its shares down as much as 2.5 percent.