It seems that high gas prices and the super hot weather in the mainland hasn't slowed all the retaliers.
Thursday's reports showed some pockets of strength despite the high-profile disappointments from Target, Costco and Gap.
Department stores such as J.C. Penney Co. Inc. (JCP) and Nordstrom Inc. (JWN) were among the winners with better-than-expected growth, but J.C. Penney said it remained cautious about August sales because of a tough economy.
Dollar stores were also surprisingly strong, with Family Dollar Stores Inc. (FDO) and Dollar General Corp. (NYSE:DG) beating July sales forecasts, and Dollar Tree Stores Inc. (Nasdaq:DLTR) posting strong second-quarter sales.
So the strength again comes from the high end consumer and from people trying to save a few bucks by buying cheap stuff.
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