Financial Times FT.com

US retailers in first gain since 2008 crisis

By Jonathan Birchall in New York

Published: October 8 2009 14:54 | Last updated: October 8 2009 20:36

Leading US retailers on Thursday reported their first monthly sales gain since the financial collapse of September 2008, although most still saw lower sales than a year ago as shoppers remained focused on bargain hunting.

The 1.1 per cent rise in Retail Metrics’ September comparable sales index emerged as the Department of Labor reported that the number of workers claiming jobless benefits fell last week to the lowest level this year.

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