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 NEW YORK (AP) - The arrival of summer prevailed over consumers' worries about rising oil prices last month, sending shoppers into stores and giving retailers their best performance in more than a year.
As merchants released their June sales figures Thursday, even recent laggards like Wal-Mart Stores Inc. had solid results. The winners were from a range of retail sectors, including discounters, wholesale clubs such as Costco Wholesale Corp. and Target Corp., department stores like Nordstrom Inc. and J.C. Penney Co. Inc. and teen retailers such as Abercrombie & Fitch Co. A handful of companies including TJX Cos. Inc. and Family Dollar Inc. had disappointing results, but they were the exceptions.
Overall, "the final results were terrific," said Ken Perkins, president of Retail Metrics LLC, a research firm in Swampscott, Mass. "There was broad-based strength across all retail segments."
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