Comps finish August on target
August 29, 2006,
New York – Helped by a last-minute sprint as consumers stocked up on back-to-school goods and fall seasonal apparel, same-store retail sales improved by 3.5% during the final week of August, providing a boost that put sales for the entire month on target.
Benefiting most, as they had all month, were the nation's big discounters, where sales during the closing week of August rose by 3.7%, beating the 3.3% increase the preceding week.
Looking ahead, the analyst set a preliminary September sales target of a 3.8% gain over year-before levels, or flat sales when measured on a month-over-month basis.
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