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 Costco Wholesale, Hot Topic and Stage Stores are all reporting drops more than analysts expected. However, The Buckle says sales rose above expectations.
Two factors might weigh on May results. A year ago, sales benefited from fiscal stimulus checks. And Wal-Mart Stores Inc., which has recently reported positive results, stopped issuing monthly sales data as of this month. That is likely to hurt overall results. Analysts expect a 4.1 percent drop.
Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance because they measure growth at existing stores rather than newly opened ones.
[Associated
Press]
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