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Retailers report modest gains for May

The International Council Shopping Centers reported Thursday June 6 2013 sales stores open least year rose 3.2 percent May from

The International Council of Shopping Centers reported Thursday, June 6, 2013, sales at stores open at least a year rose 3.2 percent in May from last year. | AP Photo

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NEW YORK — In the latest sign that Americans are feeling better about the job market and overall economy, stores across the country had a pickup in revenue in May.

According to a preliminary tally of 12 retailers by the International Council of Shopping Centers, released Thursday, revenue at stores open at least a year rose 3.2 percent in May from last year. That’s up slightly from a 3 percent gain in April.

The reports came as the Labor Department reported the number of Americans seeking unemployment benefits fell 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth.

Only a sliver of the nation’s retailers now report monthly figures, but the data offers a snapshot of consumer spending. Among the best performers were Costco Wholesale Corp. and Stein Mart.



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