Same-store sales sluggish, as expected
Home & Textiles Today Staff -- Home Textiles Today, January 29, 2003
New York — Most big American retailers had been expecting relatively sluggish sales during the third week of January. And they weren't far off the mark, with same-store sales moving up by 1.9 percent, a modest improvement over the prior week's gain of 1.5 percent, according to the Redbook Retail Sales Average.
For the three weeks month-to-date, sales were up by 1.8 percent over the same period a year ago, in line with expectations. Sales for the three-week period were up by 0.7 percent over December, again in line with expectations.
In good news for home fashions producers, home furnishings were once again cited as a sales leader, as they were through much of last year, even when apparel and other segments disappointed.
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