Retail sales rise modestly
May 11, 2005,
NEW YORK — Improving after a lackluster, broadly soft performance in April, same-store retail sales improved 3.2 percent during the first week of May, coming in slightly ahead of a target of a 3.0 percent increase, the Johnson Redbook reported.
"Results were mixed in the first week," reported Redbook analyst Catlin Levis. "There was variation among merchandise leaders. Discounters reported steady business in food and basic consumables. Seasonal business was mixed among department stores, with some citing cold and rainy weather across much of the country as a damper on business."
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