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April 06, 2006
March Retail Sales Stagnate
Retailers reported tepid sales for March, citing the effects of cold weather, an uncertain economy and a late Easter shopping period.
Federated Department Stores said sales were flat compared to the previous March. What’s more, Federated expects same store sales to dip 2.5% to 3.5% in April.
Stores like Guess and Bebe, which target younger customers, saw stronger sales, while mass-market retailers like Wal-Mart and Target reported slight growth.
Khaki outfit Gap continues to struggle, with March sales dipping 13%.
Posted by Blacks on April 6, 2006 08:41 AM
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