While you were sleeping Retailers provide lift

Tue, 20 Aug 2013

By Margreet Dietz Aug 21 (BusinessDesk) - Wall Street gained, propelled by better-than-expected earnings from US retailers including Best Buy. Shares of Best Buy jumped, last up 11 percent, after cost- and price cuts boosted the consumer electronics retailer's quarterly profit more than expected. More good earnings news from the retail industry came from TJX, JC Penney and Urban Outfitters, lifting their shares by 6.6 percent, 5.5 percent and 9.6 percent respectively. Bucking the trend however were shares of Barnes & Noble, last down 11.5 pe...

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