TJX Cos., Gap Inc., The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.
Foot Locker Inc. said Wednesday that it will buy German athletic store chain Runners Point Warenhandelsges (RPG) for 72 million euros ($94 million) as it expands in Europe.
Fred’s, Inc. reported a slight boost in total sales for the first three months of fiscal 2013 compared to the same period last year – an increase from $500.5 million to $501.4 million.
In preliminary results, J.C. Penney Co. reported that same-store sales in its first quarter decreased approximately 16.6%, a deeper drop than was expected.
The U.S. Senate on late Monday approved the long-debated Internet sales tax proposal, known as the Marketplace Fairness Act, by a bipartisan vote of 69 to 27.
North American consumers opened their wallets in the first quarter of 2013 and exhibited a desire to spend again, although they remain cautious, according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions.
