Latest Business News: Retailers Report Strong Gains for June

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Latest Business News: Retailers Report Strong Gains for June

Latest Business News: Retailers Report Strong Gains for June
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Latest Business News: Retailers Report Strong Gains for June

by Wochit 0:57 mins

June sales heated up for stores. Costco Corp., Fred's Inc. and Stein Mart Inc. were among the retailers that reported their strongest sales gains since January, as shoppers, enticed by warm weather and an improving economy, took advantage of summer discounts. The data offers positive signs for the back-to-school season, which is the second-biggest shopping period behind the winter holidays. Microsoft CEO Steve Ballmer announced a major corporate restructuring, including the retirement of longtime veteran Kurt DelBene, who had been president of Microsoft Office UnitedHealth, the nation's largest insurer predicts it will have $50 billion in accountable-care contracts with health-care providers by 2017, up from $20 billion now.

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