August Retail Sales Beat Estimates

Retailers were able to post better-than-expected sales in August, according to numerous wire services and published reports.

“Early reports gave analysts hope retailers were able to clear excess inventories ahead of the crucial holiday-selling season without having to resort to deep discounts,” Yahoo News reported.

And in an encouraging sign, it was reported that retailers who focused on low prices continued to outpace their rivals.

For the complete story, as well as some breakouts on particular companies, start HERE.

Click here to view the orginal post from http://news.yahoo.com/s/nm/20100902/bs_nm/us_usa_retailsales.