Retail sales climb
May 28, 2003,
NEW YORK — Despite unseasonably cold and damp weather that cramped sales of seasonal apparel in many parts of the country, same-store retail sales, helped by the Memorial Day weekend, moved up by 1.5 percent from year-ago levels during the third week of May, jumping up after a much softer 0.3 percent increase the preceding week.
Sales for the three weeks month-to-date advanced a slender 0.8 percent from May of last year, the Redbook Retail Sales Average reported. And sales for the three-week period are down by 2.7 percent from the same period last month, according to the widely watched gauge of retail activity. The Redbook Average measures same-store sales of a large sample of department stores and discounters representing about 9,000 doors around the nation.
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