Retailers' February sales beat estimates

Retailers including Target, Macy's and Limited Brands reported stronger-than-expected sales gains for February, buoyed by Valentine's Day and Presidents Day and strong demand for spring clothes as a warm winter continued. "We saw good consumer response to our early spring deliveries in women's apparel, and continued strong trends in accessories, shoes, cosmetics, men's and home, which bodes well for the months ahead," said Macy's Chairman and CEO Terry Lundgren.

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