March Sales at Victoria's Secret, Costco Beat Analyst Estimates

NNN Lease Market News

Victoria’s Secret, Costco Wholesale Corp. (COST) and other retailers posted a surprise gain in sales last month as improving U.S. employment encouraged some consumers to shop.
Same-store sales at Victoria’s Secret, owned by Limited Brands Inc., rose 19 percent, more than 10 times the rate predicted by estimates compiled by Retail Metrics Inc. Industrywide, retailers posted an increase of 2.2 percent, compared with the average projection for a 0.5 percent drop.

Columbus, Ohio-based Limited rose 19 cents to $35.42 at 9:56 a.m. in New York Stock Exchange composite trading. Costco of Issaquah, Washington, advanced $3.21 to $78.20 on the Nasdaq Stock Market. The Standard & Poor’s 500 Retailing Index climbed as much as 0.8 percent.

http://www.bloomberg.com/