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Retailers Report Strong April Sales

Wal-Mart, Costco and others surprise Wall Street with unexpectedly strong sales.

Updated from 10:46 a.m. EDT

Retailers surprised Wall Street to the upside Thursday, as


(WMT) - Get Walmart Inc. Report



(COST) - Get Costco Wholesale Corporation Report

and several big names reported rising April sales.

Wal-Mart said April same-store sales climbed 3.2% last month, excluding fuel sales, a result that topped expectations. Total sales for the month climbed 9.8% to $29.18 billion. Shares were recently up 1% to $57.39.

Costco said comps were up 8% last month. Its shares were flat on the day at $72.09.

BJ's Wholesale

(BJ) - Get BJ's Wholesale Club Holdings, Inc. Report

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had an increase of 17.8% in comps and


(GPS) - Get Gap, Inc. (GPS) Report

was also a positive, lifting its first-quarter profit forecast. Those two stocks were down 2.44% and 0.77%, respectively.

On the down side,



had a same-store sales decline of 5%. Its shares are up on the day, at $17.90.

Elsewhere in retail,

Best Buy

(BBY) - Get Best Buy Co., Inc. Report

was off 88 cents, to $42.57. The retailer said it is investing $2.1 billion for a 50% stake in The Carphone Warehouse, Europe's largest cell phone retailer.

This article was written by a staff member of