Record Rise in March For Same-Store Sales
Same-store sales at a 28-chain cross section of U.S. retail stores rose 9.1 percent in March, the seventh consecutive monthly increase and the largest monthly gain in the ten-year history of the Thomson Reuters survey.
Thomson had expected a smaller increase of 6.3 percent. The gain, Thomson said, was attributed largely to stronger consumer confidence, as well as much warmer weather than the month before in most of the country.
Among individual retailers, B.J.'s Wholesale posted a 10.6 percent increase, while Costco jumped 10 percent and Target surged 12 percent.