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Fred's, Inc.

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  1. Fred Goodwin
  2. Ross Stores
  3. Children's Place Retail Stores
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  5. Costco Wholesale
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Weather Continued to Pressure Retailers' Sales in April

Retailers saw sales pick up a bit in April, but they continue to be stymied by cool weather.The group has now marked its fiscal first quarter--February, March and April--weighed down by temperatures and storms that kept its warm-weather merchandise on shelves. The showing doesn't bode well for the first-quarter results retailers will release later this month."There just wasn't a reason to go to the mall because the weather wasn't cooperating," said Barbara Kahn, director of the Baker Retailing Center at the Wharton School. "There are also economic matters like the payroll tax that serve as a drag," she said.Gap Inc. (GPS) was an exception, reporting same-store sales growth of 7% for April, when 5.5% was expected. Gap stores rose 8%, Banana Republic increased 1%, and Old Navy was up 9%.Costco Wholesale Corp. (COST) posted a 6% rise in U.S. same-store sales minus gasoline, missing the 6.3% increase that was expected. By category, food posted growth in the mid-single-digit percentage rang...

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    Ross Stores Inc. , Zumiez Inc. and Fred's Inc. were among the decliners in the retail sector on Thursday after they reported disappointing February same-store sales....

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