Retailers Report Solid Gains in February

By: Associated Press
By: Associated Press

NEW YORK (AP) -- Retailers are reporting solid revenue gains for February, extending the strong spending momentum seen during the holiday season.
Worries are growing, however, that rising gas prices could sap shoppers' spending on other items.
As major retailers report their monthly results Thursday, Limited Brands Inc. and Macy's Inc. reported gains that beat Wall Street expectations. Target Corp. announced an increase slightly below analysts' projections.
On Wednesday, Costco Corp. reported a revenue gain that exceeded analysts' forecasts.
The figures are based on revenue at stores open at least a year and are considered a key indicator of a retailer's health.


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