BIG RETAILERS' PROFITS STRONG.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Some of the nation's biggest retailers reported better-than-expected earnings Tuesday Tuesday: see week. as the robust U.S. economy continued to encourage Americans to shop. Strong sales at its Target discount stores boosted second-quarter profits for Dayton Hudson Corp. by 33 percent from a year ago. Profits at J.C. Penney Co. rose 14 percent, boosted by demand for its private-label clothes. The Limited Inc.'s earnings doubled from a year ago, amid strength in its Express, Lerner New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Lane Bryant Lena Himmelstein Bryant Malsin (1879? - September 26, 1951) was an American clothing designer and retailer who founded the plus-size clothing chain Lane Bryant. Early Life & Career and Intimate Brands Inc. chains. Home Depot's profits also rose sharply as consumers continue to spend money to fix up their homes, while Tiffany Tiffany, Tiffanie (UK) a semi-longhaired version of the Burmese cat. It has a fine, silky coat in many colors. & Co.'s earnings gained as shoppers eagerly spent money on luxury items. While the earnings reported Tuesday topped Wall Street analysts' expectations, most of the major retailers' stocks failed to post big gains amid concerns that they could be hit hard if the robust U.S. economy slows its pace. |
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