A Strong Finish for Comps in Feb's Final Week
March 26, 2011,
NEW YORK - Same-store sales rose 3.0% during the last week of February, according to the Johnson Redbook.
For the month, the Johnson Redbook Retail Sales Index rose 2.6%, slightly above target.
Redbook analyst Catlin Levis credited President's Day sales as well a encouraging early business in spring apparel and other seasonal categories.
Johnson Redbook Index
*Including chain stores and traditional department stores
"Private label merchandise seems to be performing well," she added.
Looking ahead, she noted the Easter holiday is three weeks later this year and will push sales into April rather than March.
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