April Retail Sales Increase More Than 4 Percent. (11-MAY-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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April Retail Sales Increase More Than 4 Percent.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 11-MAY-01

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Byline: David Andelman

May 11--It was an early spring for retailers and an early Christmas bonus for their shareholders yesterday.

April retail sales surged more than 4 percent on average -- and at some chains like the Gap, where sales dipped slightly, they came in far better than Wall Street expectations.

As a result, shares in companies like the Gap and Ann Taylor jumped, although some industry analysts are still skeptical about the reality of last month's performance.

"You...

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