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April Comps Dampened By Early Easter

NEW YORK - Comps were up 2.3% in the fourth and final week of April, said The Johnson Redbook Retail Sales Index.
     April was up 2.2%, compared to April of last year, relative to a target of a 2.6% gain. Month-over-month showed a 2.5% drop, relative to a target of a 2.1% drop.
     Negatively impacted by the Easter holiday falling into March this year, April's results fell short of target, noted Redbook analyst Catlin Levis.
     May spans four weeks ending on June 1st, and the month contains two major shopping events: Mother's Day and Memorial Day.
     With Mother's Day(May 12) approaching during the period, some businesses reported a pick-up in sales over the May 4 weekend on items such as seasonal apparel, jewelry and accessories.
     With that in mind, Levis said Johnson Redbook's initial target for May is for a year-over year same store sales gain of 2.7%, which generates a month-over-month comparison of a 0.7% gain.

Johnson Redbook Index

Fourth week of April, year-over-year % change

WEEK ENDED

4/13

4/20

4/27

5/4

MONTH

TARGET

Department stores*

0.7

0.2

1.9

1.4

1.1

1.4

Discounters

2.7

2.7

3.3

2.7

2.9

3.3

Redbook Index

2.0

1.8

2.8

2.3

2.2

2.6

Including chain stores and traditional department stores

Source: Johnson Redbook Index

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