January sales miss target
February 1, 2005,
NEW YORK — Cooled off by winter storms during the waning days of January, same-store retail grew 2.4 percent during the fourth and final week of the month, behind the 2.8 percent growth put up the prior week, and growth of more than 3 percent during the first two weeks of the month.
"Sales in the final week were adversely affected by winter storms in the Northeast and the Midwest parts of the country," said Redbook Analyst Catlin Levis. "Cold temperatures are typically welcome during winter clearances, however in this case severe snowstorms kept shoppers at home and forced stores to close."
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny