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.
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny