RETAILERS RACKING UP SALES : CLOTHING REMAINS HOT ITEM IN MAY.Byline: Joyce M. Rosenberg Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. It looks like apparel retailers have finally gotten it right. The nation's big retailers said Thursday their sales continued a comeback Comeback Australian breed of wool sheep, bred by crossing Merino with Corriedale, Polwarth or Zenith sheep; wool is 21 to 25 microns. It is a registered breed, but the term is more commonly used in the sense of a type of sheep produced by crossbreeding a crossbred Merino back to Merino. during May as women found fashions to their liking and shopped with more enthusiasm than they've shown in years. Results issued by the big store owners were good, although there were still some weak spots. Wal-Mart Stores Inc. rebounded after several months of uncharacteristically un·char·ac·ter·is·tic adj. Unusual or atypical: an uncharacteristic display of anger. un sluggish sales. Sears, Roebuck and Co. reported a big gain, as did 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. and Gap Inc. Last month's gains reinforced a trend that began in February, when retailers who had suffered a disastrous Christmas started seeing signs of a turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. - even as cold weather kept many shoppers out of the stores. Many apparel retailers, frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: until this spring in their efforts to find a style that would sell, saw business continue to improve during May. ``The economy has picked up, consumer confidence has strengthened a bit and the looks that the stores have presented are getting better acceptance,'' said Joseph Ronning, a retail industry analyst with Brown Brothers Harriman Inc. Still, not all clothing stores shared in the good fortune; competition remains fierce, particularly among department store retailers. J.C. Penney Co. Inc. and the Mervyn's division of Dayton Hudson Corp. were among those that lagged. Retailers have been able to pull in sales without taking big markdowns. That's good for their second-quarter profits and is also an indicator that consumer demand and spending is strong. |
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