Back to School Buys Help Retail Sales

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Market Update Analysis:

Back-to-School Buys Help Retail Sales

Author: Elena Todorova
123jump.com
Last Update: 8:01 AM EDT August 31 2006

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Among the companies releasing upbeat results, Mothers Work Inc. posted a 5% increase in August comparable store sales, while Bebe Stores said same-store sales rose 12.5%, exceeding estimates of 11.4% increase. Limited Brands also topped estimates reporting same-store sales growth of 9%. Pier 1 Imports posted a 9.1% drop in August same-store sales.

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