The retailers reporting upbeat results included Limited Brands and Wet Seal, while Costco Wholesale and Bebe Stores posted disappointing sales results. Limited reported an 11% gain in same-store sales, beating the 7.8% forecast. Costco said that January same-store sales rose 2%, missing estimates of 3% increase. Gap Inc. announced flat January same-store, exceeding estimates of a decline of 7.7%. Abercrombie & Fitch reported same-store sales drop of 6%, missing expectations of a drop of 1.9%. |
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