Department stores drive strong retail sales
Home & Textiles Today Staff -- Home Textiles Today, March 31, 2004
NEW YORK — Tearing ahead at an impressive pace for a fourth straight week, same-store retail sales surged by 6.9 percent during the fourth week of March, helped by an exceptionally strong gain at the nation's full-price department stores, The Redbook Average reported.
Enjoying a brief, if not protracted, revival after languishing for more than two years, department stores actually outperformed their mass merchant rivals for a second straight week, pouring on a sales gain of 8.5 percent, easily surpassing a strong 6 percent increase at discounters.
Retail sales have now been building steadily throughout the month, putting up respective weekly gains of 5.1 percent, 5.4 percent, 6.3 percent and now 6.9 percent.
Industry Related Content
Celebrity Branding at NY Home Fashions Market