Comps ticked up in 2nd week of November
November 15, 2011,
New York - Same-store sales rose 3.3% in the second week of November following a 3.1% gain the prior week, according to the Johnson Redbook Retail Sales Index.
Month-to-date, November was up 3.2% compared to November of last year, relative to a target of a 4.1% gain. Month-over-month showed a 1.5% gain compared to October, relative to a target of a 2.4% gain.
Most retailers have already launched into holiday sales mode ahead of Blck Friday, and many have announced extended Black Friday shopping hours, as well as price-matching and lay-away programs. Some retailers said they had seen an increase in competitor promotions, but were maintaining their own programs close to planned levels, said Levis.
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