Pursuits
U.S. Retailers’ December Sales Top Estimates Amid Job Growth
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U.S. retailers including L Brands Inc., Pier 1 Imports Inc. and Gap Inc. posted December same-store sales that topped analysts’ estimates as improving employment and falling gas prices encouraged shoppers to spend on gifts.
Same-store sales for retailers tracked by Swampscott, Massachusetts-based Retail Metrics Inc. rose 2.9 percent last month, excluding results from drugstores. Analysts had estimated a 2.8 percent gain.