TITLE

Sales Las as Consumers Bide Their Time

PUB. DATE
December 2004
SOURCE
Home Textiles Today;12/13/2004, Vol. 26 Issue 15, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports sputtering sales during the first week of December as consumers trained to wait for bargains sat on the sidelines. Shoppers who did show up were buying bigger ticket items, but fewer customers actually made it out to the malls, putting overall sales under pressure, and triggering scattered early promoting. Same-store sales came in well beneath plan, according to the Johnson Redbook Index, rising just 1.8 percent above year-ago levels, and lagging behind a forecast of 2.6 percent growth. Department stores especially had a tough time of it, their same-store sales slipping 0.1 percent, compared with targeted growth of 0.9 percent.
ACCESSION #
15347948

 

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