Comps softened a bit during December's second week
December 14, 2010,
New York - After a frenetic shopping pace at the beginning of the holiday sales season, comps eased up a bit during the second week of December, according to the Johnson Redbook.
Same-store sales for the week ended Dec. 11 rose 2.5% after a 3.8% hike a week earlier. Comps for the department store sector showed to 1.8%, while discounter segment comp came in a 3.2%.
"With the month significantly back-loaded with last minute holiday shopping along with the new year, retailers entered the expected "soft-middle" of the holiday season as most remained cautiously optimistic in sitting out the pre-Christmas wait," said Catlin Levis, Redbook analyst.
She noted there is one extra shopping day before Christmas this year, "which should add some growth."
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny