APRIL SALES RUN GAMUT FOR STATE RETAILERS.Byline: Daily News staff and wire services Retailers got a mixed message from California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). consumers in April, with some chains reporting strong sales and others posting less impressive results. National sales mirrored the state scene. A number of large national chains posted double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. gains in April over a year ago. But sales at other companies dropped as much as 3 percent. Overall, retail sales at stores opened at least a year rose a narrow 1.3 percent in April, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Salomon Noun 1. Salomon - American financier and American Revolutionary War patriot who helped fund the army during the American Revolution (1740?-1785) Haym Salomon Brothers' retail index. The gains were far less than the 7 percent increase the index reported for the same period last year. Meanwhile, TeleCheck Inc. reported checks processed for April retail sales were up 0.5 percent nationwide. But California was down 1.9 percent, compared with a year ago, and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. was not far behind with a 1 percent drop. Dayton Hudson Corp. said same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. were up 3.6 percent. Dayton, which operates the Target and Mervyn's chains, reported mixed results in California. ``Mervyn's was stronger in California than any other part of the nation,'' said Dayton spokeswoman Susan Eich, adding that stores in the northern half of the state helped drive the gains. ``There was a 10-point spread between the Mervyn's in California and the non-California stores.'' But Target reported weaker sales in California compared with other parts of the nation, she said. J.C. Penney Co. Inc. said California sales have kept pace with the retailer's others stores across the nation. J.C. Penney reported a 0.7 percent drop in April sales over last year. ``There's not a huge difference from what I've seen in California. It's not below the chain's national average,'' said Duncan Muir, spokesman. ``Over the last couple of months, we've seen this narrowing between California's performance and the rest of the nation.'' Analysts said April sales may appear artificially weaker because Easter arrived in March, bringing out holiday shoppers earlier than last year when Easter fell in April. And this year, April lost a weekend.``Saturday is a big shopping day. A Saturday can move sales figures sales figures npl → cifras fpl de ventas as much as 3 percent,'' said Laura Hughes, a spokeswoman for TeleCheck Inc. Terrence McEvoy, a Janney Montgomery Scott Inc. analyst, saw gradual improvement in the underlying tone of business. McEvoy labeled the numbers decent, with retailers selling merchandise for the home faring the best.Companies posting gains in same-store sales included Sears Roebuck & Co., with a lofty 10.9 percent increase. Gap Inc. followed closely with a 9 percent increase in same-store sales. Posting smaller gains were Kmart Corp. with a 0.2 percent gain and May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. Co. with a 3.5 percent rise. |
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