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May 14, 2008
Specialty Stores Outpace Dept. Stores In April
Specialty store sales increased by 0.7% in April to $19 billion while department store sales slipped 0.1% to $17 billion, the Commerce Department reported this week.
Year-over-year, specialty stores saw a 3% increase while department stores notched up their sales by 2.3%.
Warmer weather and demand for new spring apparel helped boost demand, but analysts are predicting more modest increases for the rest of the summer.
Posted by Blacks on May 14, 2008 09:51 AM
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