August 10, 1999
July Good Month for Retailers
Jewelry was among the retail categories that experienced strong sales growth in June and July as consumer confidence continued in the U.S.
The Lehman Bros. Same-Store Sales Growth Index rose 6.7% in July 1999 compared to the same month last year. June's index was 6.8% higher than June 1998, reports Reuters.
Products that notched particularly strong sales in July include jewelry, fashion accessories, electronics, housewares and home fashions.
- by Stacey King