Same-store sales meet expectations
September 15, 2004,
NEW YORK -- Helped by a sturdy, if not especially strong, Labor Day holiday event, same-store retail sales advanced 3 percent over year-before levels during the second week of September, in line with expectations, the Johnson Redbook Index reported.
Building on recent strength, sales at the nation's department stores improved 1.8 percent, gaining on a 1.5 percent rise the preceding week. For the two weeks month-to-date, department store sales are running sharply ahead of plan, up 1.7 percent, compared with a targeted gain of 1.2 percent.
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