Same-store sales hit growth target
May 18, 2004,
NEW YORK — Helped by stronger fashion assortments at the nation's department stores, as well as sales of warm-weather merchandise, same-store retail sales came in modestly ahead of plan during the second week of May, rising 4.8 percent from year-ago levels, and improving on a 4.7 percent increase the week before.
For the two weeks month-to-date, May sales are up 4.7 percent from last year's level, slightly ahead of a targeted gain of 4.6 percent, the Johnson Redbook Retail Sales Index reported. Month-over-month, sales so far in May are up 0.7 percent from April levels, compared with a targeted 0.6 percent increase.
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