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Cold Weather Drives Comps

NEW YORK - Same-store sales dipped slightly during the second week of January, according to the Johnson Redbook.
Aggregate comps for the week ended Jan. 15 rose 2.5% after gaining 2.8% a week earlier. Same-store sales for the department store sector were up 3.5%, while discounter comps increased 2.0%.
     "Year-end clearances dominated sales activity, and soft goods continue to outperform hard goods, with cold weather driving demand for winter outerwear and accessories," said Catlin Levis, Redbook analyst.

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

WEEK ENDED

1/8

1/15

1/22

1/29

MONTH

TARGET

Department stores*

4.0

3.5

  

3.8

2.7

Discounters

2.3

2.0

  

2.2

2.5

Redbook Index

2.8

2.5

  

2.7

2.6

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

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