Same-store sales finish strong
June 2, 2004-- Home Textiles Today,
NEW YORK — Closing out the month on an upbeat note, same-store retail sales sprinted ahead during the final week of May, helped by a run-up to Memorial Day and rising 4.6 percent, recovering from a slump the week before, the Johnson Redbook Index reported.
Helped by the rebound during the closing days, sales for all of May climbed 4.5 percent, coming close to the target of a 4.6 percent increase. Sales might have been even stronger, but were clipped by heavy rain in parts of the country.
Department store sales remained strong, helped by full-price sales of seasonal apparel and strong fashion assortments. Sales in the nation's department stores moved up 2.7 percent during the final week of May, and rose 2.6 percent for the entire month, easily beating a targeted 2.3 percent gain.
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