February retail sales beat expectations across the board, with the 18 retailers (XRT +1%)...
February retail sales beat expectations across the board, with the 18 retailers (XRT +1%) reporting results posting 6.4% Y/Y growth, vs. 4.8% consensus. Gap (GPS +7.8%) shook off its long slide to post 4% growth in same-store sales. Kroger (KR +2.2%) beat estimates and offered a strong 2012 outlook. Target (TGT -0.4%) same-store sales grew 7%, but it didn't raise guidance.
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