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Clothing Chains Finish Strong In A Comeback Year.(INDUSTRY SNAPSHOT)(APPAREL AND SHOE RETAILING)
Byline: MARILYN MUCH
Twelve months have made all the difference in the world for companies in the competitive business of selling clothes.
In 2002, when the economy was weak and consumers skittish, few retail chains were able to keep sales steady. Specialty outfits, which were also hit with problems stemming from a West Coast port strike, found the environment particularly challenging.
Not all struggled. Leaders Chico's and Coach enjoyed double-digit growth through the downturn, with a flow of fresh and fashionable products at good value.
But they were exceptions. Most specialty chains found themselves scrambling to keep up in price-cutting battles with department stores. Same-store sales slid 1.7% on top of a 4.9% decline in '01.
Things weren't much better moving into '03. But by summer, a number of players were staging comebacks and enjoying hefty gains in the key back-to-school season.
In September, specialty retail chains posted their strongest year-over-year growth since April 2000, says the Bank of Tokyo-Mitsubishi Ltd.
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- Magazine article from: WWD Tucker, Ross March 4, 2004 700+ words
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- Magazine article from: WWD Weitzman, Jennifer July 10, 2003 700+ words
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- Magazine article from: WWD Weitzman, Jennifer August 1, 2002 700+ words
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- Magazine article from: WWD Ryan, Thomas J. June 1, 2000 700+ words
...s sales at Victoria's Secret Stores, Chico's FAS and Hot Topic continued on the momentum seen throughout...out an 18 percent same-store gain, while Chico's 47.4 percent gain and Hot Topic's 19.7 percent hike extend a long streak...
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- Magazine article from: WWD Weitzman, Jennifer May 10, 2001 700+ words
...Perhaps more typically, Hot Topic reported that its comps...percent. The numbers for Chico's and American Eagle...new stores helped drive Chico's comps up 27.7 percent...1.3 percent less. Chico's results arrived Wednesday...cents at $39.59 and Hot Topic's down 68 cents to...
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- Magazine article from: WWD Young, Vicki M. Burrows, Dan September 4, 2003 700+ words
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