Comps keep the pace
July 27, 2010,
New York - Business held steady at retail last week, according to the Johnson Redbook.
Comps rose 2.7% for the week ended July 24, keeping pace with the prior week. The discount channel logged a 3.4% same-store sales increase, with department store comps rising 1.1%.
"Hot temperatures brought customers into the stores," said Catlin Levis, Redbook analyst. "Others reported sluggish business and unmotivated consumers, suggesting little more than the usual mid-July doldrums."
With the back-to-school season underway, children's apparel is leading the way for some retailers, she said. However, demand for the category "is not expected to replace summer seasonal business until August."
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