Mass Retailers Had Solid Sales Gains In 2000.

Mass retailers posted solid sales gains for 2000, according to the International Mass Retail Association. Even with a slower-than-anticipated holiday season, they reported some steady increases in sales for the full year.

“All along we were predicting conservative comparable-store sales gains of 2 –3 percent for the 2000 holiday season, and overall that’s where the industry landed,” said IMRA President Robert J. Verdisco. “For the full year, many leading companies had gains that beat inflation, and some did exceptionally well. Mass retailers continue to attract new shoppers and enjoy customer loyalty as a result of their wide selection and good value. This bodes well for our industry during a time when the economy appears to be slowing.”

Mass retailers selling general merchandise were able to build upon the gains of 1999, a good year for many companies. For example, Fred’s reported a 9.2 percent gain in 2000; Wal-Mart, 5.1 percent; Family Dollar, 4.6 percent; Target Stores, 3.4 percent; and Consolidated Stores, 3.6 percent.

For more information at http://www.imra.org.