Retailers Post Mixed Sales in December

Costco Wholesale Corp (NYSE:COST) had a strong run-up to Christmas, but other chains posted disappointing December sales on Thursday, as the economy took a toll on shoppers in the most important quarter of the year for retailers.

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Among the chains reporting December sales at stores open at least a year, Costco stood out early with growth that topped expectations. Limited Brands Inc's sales rose less than anticipated, marking a rare miss for the owner of the Victoria's Secret (NYSE:LTD) chain.

Wet Seal Inc's sales fell even more than analysts expected, leading it to expect a fourth-quarter loss at or near the bottom of its prior forecast.

Overall, analysts looked for 3.3% same-store sales growth for December across 17 chains, down from 4.2% growth in December 2011, according to Thomson Reuters I/B/E/S.

Same-store sales rose a disappointing 1.6% in November. In December 2008, same-store sales fell 3%, according to Thomson Reuters I/B/E/S.

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