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March 08, 2007
Feb. Fails To Cool Sales At Luxe Stores
February turned out to be a frosty month for middle market retailers, but luxury merchants continued to thrive, reporting strong early spring sales.
Saks reported a 25% increase in same store sales for the month, while Nordsrom reported a 9% jump.
Mainstream players such as Gap and Bebe fared worse, however, showing declines of 4% and 2.2%, respectively.
Posted by Blacks on March 8, 2007 08:15 AM
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