Hurricane parade dampens sales
September 23, 2004,
NEW YORK — Hobbled by hurricanes in the Southeast and weakening sales at department stores as consumers shunned non-essentials and stocked up on basics at discounters, same-store retail sales slowed during the third week of September, rising 2.6 percent, following a 3 percent gain the preceding week, the Johnson Redbook Index reported.
Putting pressure on the Redbook Index was a slowdown at full-price department stores, where sales edged ahead 0.8 percent, following a strong 1.8 percent increase the prior week. Discounter sales held steady with a 3.8 percent gain, little changed from a 3.9 percent increase the week before.
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