June comps just ahead of target
June 27, 2006,
New York -- Same-store sales momentum continued to build during the fourth week of June, rising 3.4%, helped by the Father's Day promotion and increasingly warm weather, which helped spur sales of seasonal merchandise, the Johnson Redbook reported.
Breaking out results by region, "The West Coast did particularly well during the week," said Redbook analyst Catlin Levis. Discounters, focused on consumers' day-to-day needs, sharply outperformed their department store peers, pushing same-store sales up by 4.0%, compared with a more moderate gain of 2.5% at their full-price cousins.
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