Comps up 2% in February's Second Week

NEW YORK - Although the sales pace was uneven, same-store sales rose 2.2% during the second week of February, according to the Johnson Redbook.
     Comps were up 2.7% in the department store sector and 1.9% among discounters.
     "Sales during the week were driven by a combination of factors, including Valentine's Day promotions (candy, flowers, fashion accessories, cosmetics and jewelry) and continuing clearance of winter apparel," said Catlin Levis, Redbook analyst.
     She added: "Valentine's Day is one day later than last year, pushing related sales into the subsequent fiscal week and prolonging related purchases."

Johnson Redbook Index
Second week of February, year-over-year % change

WEEK ENDED

2/5

2/12

2/19

2.26

MONTH

TARGET

Department stores*

3.3

2.7

  

3.0

3.1

Discounters

2.4

1.9

  

2.2

2.2

Redbook Index

2.7

2.2

  

2.4

2.5

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

Home & Textiles Today Staff | News & Commentary

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