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TJX Companies Incorporated
April retail sales mixed; teen, discount outlets show strength
April retail sales mixed; teen, discount outlets show strength

Teens and bargain hunters propelled retail sales in April, but couldn’t save the industry from the dampening effects of chilly weather and continuing economic worries. A monthly measure of same-store sales rose 3.7% last month, according to Thomson Reuters. Retailers performed better than they did in March, when the gauge rose 1.1%, and also beat the 0.8% uptick in April 2012. But Wall Street was nonplussed, having predicted a 4.3% gain. Drug stores were especially weak; with the sector removed from the overall tally, retail sales got a 4.8% boost. Retailers calculate same-store sales, which only consider revenue at locations open at least a year, in an effort to strip out...

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