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Labor Day sales lift retail outlook
Strong Labor Day weekend sales, driven by favorable weather and improving consumer attitudes, point to a good holiday shopping season, analysts said. The Bank of Tokyo-Mitsubishi expects a 4%-5% rise in U.S. Aug. same-store sales from chain stores. Most big U.S. retailers report Aug. sales this week.
Gucci sales up, sees big autumn
The European luxury retailer saw double-digit increases in the U.S., Japan and Europe in May and June, rebounding from the toughest quarter in more than a decade. Sales in Asia also grew, though not as strongly. It repeated predictions of a strong fall season, aided by a stronger dollar and improving economy. Rival ...