Same-store sales make the grade
Staff Staff -- Furniture Today, June 9, 2004
NEW YORK — Though hampered somewhat by cooler weather, which chilled some sales of seasonal apparel, same-store retail sales nudged up slightly ahead of plan during the first week of June, the Johnson Redbook Index reported.
Same-store sales advanced 5.2 percent over their year-ago level, besting a target of 5.1 percent growth, with both full-price department stores and mass merchants topping their targets.
Department stores, still gaining on the strength of improved fashion assortments in seasonal apparel, grew 3.3 percent, compared with a target of 3.2 percent. Mass merchants rose 6.4 percent, coming in ahead of a planned 6.3 percent.
Measured on a month-over-month basis, sales came in 0.7 percent above May, compared with a target of 0.6 percent.
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