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December 07, 2007
November Sales Beat Expectations
November same-store sales came in higher than expected, according to recent reports. Specialty stores saw an average 15.8% gain while department stores saw an increase of 12%, according to WWD.
A survey by MasterCard said that sales of men’s apparel grew 7%, just a hair more than overall apparel increase of 6.9%. Women’s apparel was down by 3.9%, however.
Overall, analysts are cheering the November results, given that the holiday shopping season got off to a late start. It remains to be seen what December will bring, but Blacks expects year-over-year gains in the mid single digits.
Posted by Blacks on December 7, 2007 09:58 AM
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