Costco, Limited Brands, Gap Lead So-So February Retail Sales
Posted on March 07, 2013 at 17:17 PM EST
Retailers posted soft sales gains in February as increased payroll taxes, delayed tax refunds and high gas prices caused consumers to trim spending. February sales at stores open at least a year rose 2% vs. a year earlier, said Ken Perkins, president of Retail Metrics. The results include drugstores. Analysts had expected a 2.5% rise. If you back out drugstores, which turned in negative same-store sales for the month, comps were up 4.3%. That was