Sep
03

Mixed Bag for Retailers in August

By
– Chain Store Age

Lower-priced retailers posted better-than-expected sales results in August as consumers looked to save money in the key back-to-school season, leaving luxury chains and department stores struggling. Target Corp., TJX Cos., Kohl’s and Costco Wholesale Corp. were among the chains whose results beats analysts’ estimates.

“It’s really still a discounter’s market and an off-price seller’s market,” said Ken Perkins, president of research firm Retail Metrics, in a Reuters report.

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http://www.chainstoreage.com/story.aspx?id=114919
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