NEW YORK - Retailers reporting their December sales results are confirming that the discounters generally fared best. Traditional department and apparel stores were often seeing lackluster results.
Wal-Mart, the nation's largest retailer, says sales at stores open at least a year rose eight percent, topping expectations.
JC Penney and Target also delivered slightly better numbers than expected.
While K-mart says December same-store sales weren't as bad as feared, earnings for the year will fall short. K-mart says it's reviewing its cash situation and is in talks with lenders.
Gap Inc. says December same-store sales dropped 11 percent from a year ago, and expects a fourth-quarter loss ``no worse'' than six cents a share, which is better than what Wall Street has been looking for.
Monday
March 10th, 2025
4:16AM
