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Article: UGLY MONTH FOR MEN'S WEAR AT BIG STORES; SPECIALTY STORES, DEPARTMENT STORES, DISCOUNTERS ALL REPORT SLUGGISH SALES.
- Article from:
- Daily News Record
- Article date:
- March 9, 2001
- Author:
CopyrightCOPYRIGHT 2001 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 -- If retailers felt like they didn't have a leg to stand on in February, they certainly weren't looking to men's wear for support.
Unseasonably cold, wet weather combined with a sour economic outlook and high energy prices kept customers on the sidelines.
According to the Credit Suisse First Boston's February 2001 Comparable-Store Sales Index, February results rose 1.9 percent compared to 5.3 percent a year ago, while expectations were for a 2 to 3 percent gain. Goldman Sachs Index reported a 1.6 percent gain during the month from 5.5 percent a year ago, although the month's results came in slightly better than the 1.4 percent it was ...