Retailers Post Big Sales Gains by Discounting
By wchung | 07 Feb, 2025
Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend amid unusually warm temperatures.
Analysts are concerned about the holiday shopping season as shoppers, grappling with job worries, are likely to wait until the last minute to get the best deals.
As retailers report their figures Thursday, the bright spots are Costco Wholesale Corp. and Limited Brands Inc., both of which are reporting bigger increases than Wall Street analysts expected.
Target Corp. and Macy’s Corp. both reported gains slightly above estimates.
The figures are based on revenue at stores opened at least a year and are considered a key indicator of a retailer’s health.
NEW YORK (AP)
In this Oct. 25, 2010 photo, a woman poses for a photo after shopping at Louis Vuitton, in New York. Retailers are reporting solid revenue gains for October. But it took heavy discounting on coats and other cold-weather items to get shoppers to spend amid unusually warm temperatures. (AP Photo/Mark Lennihan)
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals