Exact(7)
Best Buy, Home Depot and J.C. Penney led a string of retailers posting results, sending their shares up in early trading.
Early numbers show strong sales for Cyber Monday 2011, with retailers posting early numbers showing sales were holding steady at 15percentt over last year.
Yet our field study revealed such price differences to be an increasingly common practice these days, with well-known, high-frequency U.S. retailers posting different prices on the shelf and in their mobile apps for the same item at the same time.
On Thursday, several mall-based retailers posting same-store sales that beat Wall Street expectations with their November sales figures.
Economists were expecting 436,000 for the week of April 3. Also on Thursday, chain store sales data were released with 27 of 30 retailers posting strong results.
Among the retailers posting surprises, J.C. Penney Co. registered a narrower than expected decline in its June same-store sales and reiterated a second-quarter profit forecast that matches analyst expectations.
Similar(53)
Both retailers posted same-store sales declines of 1.9 percent.
Last year, retailers posted the worst sales figures in decades.
And retailers posted excellent results on the Labor Day weekend.
Apart from their profit margins, all the retailers posted sales increases, though with mixed results.
By contrast, many other retailers posted strong March results that exceeded the estimates of analysts.
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