Retail Stocks Jump on Positive Earnings Reports
Retail Stocks Jump on Positive Earnings Reports
Best Buy (BBY) reported higher profit and rising sales in the first quarter, boosted by strong gaming, computer and cellphone demand. Dollar Tree (DLTR) logged higher profit and revenue in its fiscal first quarter, as consumers continued to rely on the company for low-cost goods. Kohl's (KSS) said its losses narrowed and its turnaround efforts showed signs of progress.
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