Same-store sales off to slow start
April 19, 2005-- Home Textiles Today,
NEW YORK — Hobbled by spotty weather throughout parts of the country, and hurt by high gas prices, same-store retail sales remained weak and beneath expectations for a second straight week, the Johnson Redbook Index reported.
Same-store sales inched up just 1.5 percent during the second week of April, softening further from a modest increase the preceding month. And for the two weeks month-to-date, sales rose just 1.6 percent, missing a target of 1.9 percent growth.
Surprisingly, both discounters and department stores grew their sales at the same pace during the first two weeks of the month — by 1.7 percent during the opener, and by 1.5 percent during the second week.
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