Wed Oct 07 14:44:42 -0400 2009

Reuters (New York)

- Family Dollar Stores Inc and Costco Wholesale Corp both reported better-than-expected quarterly profits on Wednesday and said sales improved in September from preceding months, boosting investor confidence in the discount retail sector.

“We’re not out of the woods yet,” said Telsey Advisory Group analyst Joseph Feldman, but “sequentially (sales) continue to get gradually better.”

To view the full article, download the PDF here: Reuters, October 7, 2009