April sees same-store sales drop.(Statistical Data Included)
Home Textiles Today, May, 2001 by Gill, David
NEW YORK -- Even though the weather improved in April, the nation's major chains remained mired in a poor business climate. Nine of the chains followed by Home Textiles Today in its monthly chain sales report posted drops in their same store sales last month. Many of these declines were huge --such as May Co.'s 8.3 percent plummet in comp-store results and the identical 8 percent declines reported by both Elder-Beerman and ShopKo stores.
Clearly, the slide in consumer confidence continues to affect store purchases. As reported two weeks ago, the consumer confidence index for April fell to levels not seen since the recession of a decade ago. Still, the April chain results had some glimmers of hope. Most particularly, JCPenney had its best...
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