Discounters Drag on October Comps
October 30, 2006,
Same-store retail sales picked up by 3.2% during the third week of October, off from the 3.4% increase the preceding week, with sales for the three weeks month-to-date also beneath plan, rising by 3.4%, and just missing a goal of 3.5% growth, the Johnson Redbook Index reported.
For the three weeks month-to-date, department-store sales improved by 4.1%, besting a target of a 3.8% increase. Discounters, on the other hand, put up a disappointing 2.9% increase, well behind a targeted gain of 3.4%. HTT
Johnson Redbook Index
Third week of October, year-over-year % change
|*Including chain stores and traditional department stores
Source: Johnson Redbook Index