JC Penney Co Inc set a target for annual sales to increase by $5 billion by 2014, bolstered by a higher emphasis on fashions for younger women, a rebound in its jewelry business and an improved economy.
Shoemaker Wolverine World Wide Inc reported a solid first quarter, getting a boost from the strong performance of its Outdoor unit, but a lackluster outlook pulled its shares down as much as 5 percent.
Retailers are showing growing confidence about an economic recovery, easing fears that uncertainty over a national election on May 6 and the prospect of higher taxes to cut government debt could hit consumers.
Primark owner Associated British Foods said the global recovery was underway, prompting it to predict a "very good" rise in annual earnings after beating forecasts with half-year profits up 20 percent.
Tesco Plc, the world's No.4 retailer, said the global economic recovery was taking hold and saw little risk of a dip back into recession in its main British market despite a slowdown in recent sales growth.