U.S. Retailers’ September Sales Miss Analysts’ Estimates

U.S. retailers including Gap Inc. and L Brands Inc. posted September same-store sales that trailed analysts’ estimates as a lack of new products failed to draw shoppers who are restraining spending in the choppy economy.

Same-store sales for the more than 10 retailers tracked by Swampscott, Massachusetts-based Retail Metrics Inc. rose 2.3 percent last month, excluding results from drugstores. Analysts’ had estimated a 3.4 percent gain.