NEW YORK (AP) — Retailers are reporting strong November revenue results, raising hopes for the holiday shopping season.
Deep discounting drew in shoppers throughout the month, including the crucial Thanksgiving weekend.
As retailers report their results Thursday, many types of stores reported robust gains that beat Wall Street expectations. Those include Costco Wholesale Corp., Target Corp. and the owner of Victoria’s Secret.
That underscores that many people were not only buying gifts for others but throwing in items for themselves, including high-priced push-up bras and shoes.
The results are based on revenue at stores opened at least a year and are considered a key indicator of a retailer’s health.
