Pursuits
Retail Sales Beat Estimates as Teen Chains Thrive
This article is for subscribers only.
Sales at U.S. retailers grew for a 13th straight month in September, beating analysts’ estimates as consumers facing a sluggish economy snapped up discounts at teen apparel chains during the back-to-school shopping season.
Sales at Abercrombie & Fitch Co. stores open at least a year rose 13 percent, beating the 3.6 percent average of analysts’ estimates compiled by Retail Metrics Inc. American Eagle Outfitters Inc. posted a rise of 4 percent compared with projections for a 0.1 percent decline. Limited Brands Inc. also surpassed estimates.