Washington, D.C. (PRWEB) February 10, 2015
Applied Predictive Technologies (APT) today announced that in-store retail sales for January 2015 increased [+2.8%] compared with January 2014. Restaurant same-store sales were also strong for the month, increasing [+7.4%] year-over-year.
APT has also launched indexes for the following segments, and each segment saw sales growth in January: General Merchandise [+1.0%], Apparel [+2.7%], Quick-Service [+6.5%], and Full-Service [+7.6%].
For overall retail, the APT Index showed retailers performing the best in Denver, CO [+10.4%], Chicago, IL [+9.0%], and Philadelphia, PA [+7.3%]. However, some cities in the northeast seemed to be affected by winter storms during January. The APT Index showed retail sales down in Boston, MA [-2.4%], New York, NY [-0.9%], and Washington, D.C. [-0.1%]. Restaurant sales also performed the worst in Boston [+0.6%] and New York [-0.2%]*.
Patrick OReilly, APT President & COO, said, Were seeing strong sales performance in January across both retail and restaurants. While the APT Index showed slight negative effects in areas that were hit by large storms this year, sales were strong overall. APT has been consistently providing information about how retail and restaurant sales are doing across the U.S. In addition to this, we are very excited to launch sub-segments for both of these industries, which will enable companies to more accurately compare performance to their peers.
January Retail Sales by APT Index numbers:
January retail sales were largely positive, according to the APT Index. Sales growth was driven by more transactions and shopping in lower income areas. However, significant increases in snowfall did lead to sales declines.
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