Christmas Helps Slumping Sales

January 2005
Home Textiles Today;1/3/2005, Vol. 26 Issue 17, p15
Trade Publication
The article reports that helped by last-minute Christmas shopping as consumers hit the markdown tables, same-store retail sales picked up by 3 percent during the fourth week of December, helping to close the month on a stronger note than it began, the Johnson Redbook Index, a market rating firm, reported. The 3 percent increase improved on a 2.1 percent gain the prior week and an even weaker 1.8 percent hike during the first week of December, as the holiday season got off to a disappointing start. The biggest improvement was recorded at department stores, where same-store sales grew 2.2 percent, recovering from a skimpy gain of 0.4 percent the prior week.


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