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Article: Same-store sales top May figures for most.
- Article from:
- WWD
- Article date:
- July 8, 1994
- Author:
CopyrightCOPYRIGHT 1994 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- For most major retailers, same-store sales in June beat those in May and were spurred by the warmer weather and a renewed interest in apparel.
Slipdresses; shorts and swimwear; textured fabrics, especially linen; licensed T-shirts, particularly those with Disney characters, and athletic shoes were leading sellers.
"We were encouraged by the modest uptick in ready-to-wear apparel sales, which had been lagging earlier in the season," said Allen I. Questrom, chairman and chief executive officer of Federated Department Stores, in a statement.
Federated's sales rose 7.2 percent to $659.9 million, from $615.4 million, and same-store sales ...