Redbook average feels impact of WTC disaster.(World Trade Center attack's effect on retail sales)(Brief Article)(Statistical Data Included)
Home Textiles Today, September, 2001 by Hogsett, Don
NEW YORK -- With anxious consumers sitting out much of the week, glued to the tube and watching news reports, same-store retail sales nose-dived during the second week of September, aborting a rebound begun weeks before with the first wave of rebate checks. Same-store sales fell off by 3.5 percent, according to the widely watched Redbook Average, hitting the wall after a sturdy 1.7 percent increase recorded during the first week of September.
Hammered in the aftermath of the terrorist attacks upon New York's World Trade Center and the Pentagon were sales in the nation's big department stores, which registered a double-digit drop in same-store sales, dropping by 13.7 percent. Sales in the big discount channel held relatively steady, though,...
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