Holidays Kind To Some Retailers, Stingy To Others

Hogsett, Don
January 2005
Home Textiles Today;1/10/2005, Vol. 26 Issue 18, p54
Trade Publication
The article reports that the all-important Christmas selling season turned out to be a mixed bag for key U.S. retailers despite the predictable 11th-hour surge as shoppers sought out bargains, and the strongest results came from the extreme ends of the retailing spectrum--luxury goods and off-price. Proving the point that those who have still have, leading the pack was Saks Fifth Avenue with an impressive 12.1 percent increase in same-store sales. Another carriage- trade retailer Nordstrom Inc., recorded a 9.3 percent increase in comps, blowing past its own expectations of a gain in the low single-digits.


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