The Retail Sales Report, one of the most important indicators for economists and investors, was released today for the month of October and the news was positive. Macy’s Inc. same-store sales increased 4.1%, beating expectations for 3.1%, Kohl’s Corp. sales rose 3.3%, when 1.1% was expected, and high end retailer, Nordstrom Inc. crushed estimates, posting a 9.8% rise in same-store sales, ahead of the expected increase of 6%. Overall, the 17 retailers tracked by Thomson Reuters are expected to report 4.3% growth in October sales. The retailers ended their fiscal October on Saturday, before Sandy reached the Northeast.

Category: Fashion, Reports.

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