Same-store sales log another positive week
September 8, 2010,
New York - The combination of Labor Day sales, back-to-school and East Coast shoppers stocking up on supplies ahead of Hurricane Earl pushed same-store sales up by 3.0% during the first week of September, according to the Johnson Redbook.
Discounters posted a 3.5% comp gain, while department stores generated an increase of 2.0% for the week ended Sept. 4.
"Sales continue to be driven by the twin themes of back-to-school and seasonal apparel," said Caltin Levis, Redbook analyst. "Some retailers are nearing the end of their back-to-school calendars, while others expect its impetus to last through the month, reflected in sales of children's clothing and school supplies."