January is the least important month of the year for retailers , because they use to evacuate the months of winter merchandise to make room for spring merchandise.
This was better than the increase of 6.7 % that Wall Street expected.. In recent weeks, analysts were downward expectations as a series of snowstorms in several parts of the country racheted kept buyers at home.But it looks like further by further by hopes for a sustainable economic recovery. Consumer spending was the main reason at an annual rate at an annual rate of 3.2 % in the last three months of 2013, the Commerce Department said Friday. It was. 2.6 % from the previous quarter and the best since the beginning of last year.
Limited , fueled by its Victoria Secret division, enjoyed a stellar 24 % increased sales in stores open at least a year and boosted its earnings outlook for the fourth quarter. Continue reading