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Latest Business News: Costco Strong, L Brands Weak as Retailers Report June Sales

wochit business
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July 11, 2013 AT 9:14 AM
Sales at U.S. retailers, including Costco Wholesale Corp and the company that runs Victoria's Secret, suggest that overall U.S. consumer spending is improving while discretionary spending may remain under pressure. Analysts expect a 3.6 percent rise in June sales at stores open at least a year across the 11 U.S. chains that report this data each month.