Cold weather drives comps
January 19, 2011,
Aggregate comps for the week ended Jan. 15 rose 2.5% after gaining 2.8% a week earlier. Same-store sales for the department store sector were up 3.5$, while discounter comps increased 2.0%.
"Year-end clearances dominated sales activity, and soft goods continue to outperform hard goods, with cold weather driving demand for winter outerwear and accessories," said Catlin Levis, Redbook analyst.
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