Redbook average shows retail slowdown
July 3, 2001,
New York — Sales at discounters and department stores slowed down somewhat during the fourth week of June, and fell below prior-month levels, but even so are close to plan for the entire month, according to the widely watched Redbook Retail sales Average. Home furnishings, significantly, were a major growth area.
Sales for the fourth week of June were 1.4 percent higher than June of last year, but fell 1.3 percent beneath May levels, compared to a target of a 1.2 percent decline.
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