Thursday, October 8, 2009

Retail Sales Exceed Expectations for September

Many retailers are quietly having a much better than expected month of September. Stores such as Kohl’s, Target, J.C. Penny, Walgreens, Family Dollar and Limited inc. (the parent company of Victoria’s Secret) all posted sales figures that met or exceeded expectations.

This is great news for the retail sector, which has been hit especially hard by the recession. If all goes well, September could actually post positive same stores sales, rather than ending in the red. If September same stores sales should drop, it will mark the first time this decade that the same month posted declines in consecutive years.

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