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Costco, Target, Kohl's and TJX beat estimates
New York -- Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.
Costco Wholesale Corp.'s same-store sales in August rose 6%, beating the 4.5% rise analysts had projected.
Target Corp. reported a 4.2% increase in same-store sales, better than the 3.1% increase that analysts had expected.
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Retailers make strong gains in August
NEW YORK — Macy's, Limited Brands and Gap Inc. all posted August same-store sales that topped analysts' estimates as retailers across the board generally posted strong sales, boosted by back-to-school shopping and aggressive promotions. The strong showing comes shortly after the news that consumer confidence for August slumped to its lowest level of the year.