Comps Positive, but Slightly Off the Mark
February 8, 2010,
Same-store sales posted another gain in the final week of January but the 1.0% increase for the month missed the target of 1.2%,” the Johnson Redbook reported last week.
“Stores were satisfied with their inventory position. Many claim that better inventory management this year has allowed them to discount less aggressively than was the case last January,” said Catlin Levis, Redbook analyst.
Retailers are looking forward to three major events in February: Super Bowl Sunday, Valentine's Day and President's Day. Redbook has set a preliminary target this month for year-over-year comp growth of 1.0%.
|*Including chain stores and traditional department stores
Source: Johnson Redbook Index