Dive Summary:

• Retail sales reports from May indicate the strongest spike in revenue since January as same store sales rose roughly 3.9% and upbeat initial predictions by economists, according to a report by Thomson Reuters.
• Factors contributing to the rise in revenue include warmer weather and a better economic outlook. Warmer weather throughout the U.S. helped encourage consumer spending on lighter apparel and home-improvement goods.
• A report released by the University of Michigan claims that American consumer confidence has reached pre-recession levels. Some analysts are waiting for the Commerce Department’s retail sales report released June 13th to better gauge the economic outlook.

From the article:

American Apparel led the pack with a 10% swell. Costco enjoyed a 5% upturn. L Brands, however, slightly missed analyst predictions with a 3% expansion, compared to 6% growth a year earlier. The company’s Victoria’s Secret subsidiary turned in a 4% same-store sales lift, driven by strength in its PINK collection and interest in its beauty offerings for Mother’s Day, according to RBC Capital Markets analyst Howard Tubin.