Thanksgiving Week Recorded Strong Comps

NEW YORK - In the strongest showing in several years, same-store sales jumped 4.9% for the week ended Nov. 27, according to the Johnson Redbook.
     This time, department stores lead the way, with comps up 5.7%. Same-store sales in the discounter segment rose 4.5%, according to the Johnson Redbook Retail Sales Index.
     That helped push comps above the November target of 2.9% to 3.2%.
     "The holiday shopping season had gotten off to a strong start with brisk traffic and cooperative shopping weather. Retailers reported strong turnover in electronics. The cold weather also drove sales of outerwear, gloves, boots and cashmere sweaters," said Catlin Levis, Redbook analyst.
     Sales a luxury stores also rebounded nicely compared to last year, she said.
     Redbook's preliminary target for December comps is a 3.2% gain.

Johnson Redbook Index
Fourth week of November, year-over-year % change 

WEEK ENDED

11/6

11/13

11/20

11/27

MONTH

TARGET

Department stores*

1.61.9
1.0
5.7
2.5
2.0

Discounters

3.13.2
3.4
4.5
3.5
3.3

Redbook Index

2.62.7
2.5
4.9
3.2
3.9

*Including chain stores and traditional department stores
Source: Johnson Redbook Index

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