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Early Easter takes bite out April sales
New York -- An early Easter that drew shoppers into stores in March and slowing economic growth helped cut into retailers’ April sales results.
At Costco Wholesale Corp., April same-store sales were flat, slightly below analysts’ estimates, primarily due to the strong U.S. dollar and lower gas prices. Sales at U.S. stores increased 2% for the four weeks ended May 3. Internationally, sales fell 4%.
Total revenue inched up 2% to $8.75 billion.
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Big Shopping Centers in joint venture partnership with Red Development
Phoenix -- Big Shopping Centers USA and Red Development have announced a joint venture partnership to maximize market presence and performance of select U.S. retail properties in the Midwest and West. The alliance seeks to acquire established, first-tier community, lifestyle and power centers with strong tenant line-ups and sales figures that are well positioned in markets throughout the United States.

