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Saturday, Feb 4, 2023

Retailers Post Strong August Sales

Consumers persevered at stores and malls in August, shopping despite soaring gas prices and giving many of the nation’s biggest retailers surprisingly solid sales.


As merchants reported sales figures Thursday, a diverse group of retailers enjoyed strong results, including warehouse clubs like Costco Wholesale Corp., teen retailers such as Wet Seal Inc., moderate-priced department stores such as J.C. Penney Co. Inc. and Kohl’s Corp., and upscale merchants like Nordstrom Inc. Wal-Mart Stores Inc.’s sales came in slightly below analysts’ estimates as low-income shoppers feel the sting of higher energy costs.


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