LYCOS RETRIEVER 
May Department Stores: Percent
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Department stores stood to be major beneficiaries of this rise in spending, according to the report. "With everything from hair dryers to handbags under one roof, department stores are the top choice of shoppers for the third year in a row, as cited by 80 percent of consumers," the report says.
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Hourly workers in department stores earned twothirds the average pay of all workers in private industry. This lower wage might be due to the high proportion of part-time and less-experienced workers. Few employees belonged to a union, and those who did generally received the same pay as nonunion workers. Department store jobs were projected to increase nearly 23 percent over 1990 through 2005, nearly as fast as the average for all industries. Large numbers of job openings should result from the high turnover rate generally found in this industry. The mean annual salary of a retail sales associate in 2001 was $17,700.
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The major players According to NationsBanc Montgomery Securities, Hoffman Estates, Ill.-based Sears and Plano, Texas-based JCPenney command 29 and 18 percent of total department store revenue, respectively. Sears' sales rose 7.3 percent during the third quarter of 1997, the securities firm notes, driven by a 2.2 percent increase in domestic same-store sales.
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