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Retail sales in U.S. climb by highest percentage in four months
Washington, D.C. -- A report released Friday by the Commerce Department said that retail sales in the U.S. rose 0.5% in July, the most in four months and demonstrating that consumers may be holding their own in a tumultuous economy.
The 0.5% increase matched the Bloomberg News median forecast followed a 0.3% gain in June that was larger than estimated. Excluding auto sales, purchases rose more than projected.
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Body Shop parent posts 128% profit growth in Q2
Jacksonville, Fla. -- Body Central Corp., operator of the Body Central and Body Shop retail chains, reported Friday that net income for the second quarter was $5.3 million, compared with $2.3 million in the year-ago period.
Net revenues increased 22.1% to $74.7 million, compared with $61.2 million for second quarter 2010. Same-store sales increased 14.7%.