Same-store sales finish February with a bang
March 2, 2005-- Home Textiles Today,
NEW YORK — Helped by unexpectedly strong holiday events and the launch of spring apparel, most notably at department stores, same-store retail sales were exceptionally strong during the fourth and final week of February, jumping 7.6 percent, the Johnson Redbook Index reported.
Getting a double shot of good news from Presidents' Day and Valentine's Day, and getting a further lift from new spring fashions, same-store sales jumped an impressive 8.4 percent at department stores, hugely improving on a modest 1 percent increase the preceding week.
Discounter comps moved up almost as high, rising 7.1 percent, following a strong 4.2 percent increase the week before.
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