Discount Stores reported that sales were better than they initially expected during the month of February, as consumers continued to respond to low prices as they shopped for spring merchandise in the midst of winter storms. For information regarding the most selected news hitting the Stock Market, make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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TJX Cos. (NYSE:TJX) which operates T.J. Maxx and Marshall's, said sales rose 10 percent, while analysts expected a 6.3 percent rise. Shares fell 32 cents to $40.82.
Target Corp.(NYSE:TGT) said sales in stores open at least one year rose 2.4 percent, topping the 1 percent rise analysts forecast and its own prediction for flat to slightly higher sales. Shares rose $1.29, or 2.5 percent, to $52.97 in afternoon trading. Earlier the stock hit a new 52-week high of $53.25.
Costco (NASDAQ:COST) sales rose 9 percent. Analysts expected a 9.5 percent rise. Shares rose 27 cents to $60.95
BJ's Wholesale Club Inc. (NYSE:BJ) said sales in stores open at least one year rose 7.5 percent. Analysts forecast a 6.3 percent rise. Shares fell 30 cents to $34.31.
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