Shoppers Pause to Catch Their Breath

NEW YORK - Same-store sales slacked off a bit during the third week of May as consumers wound down from Mother's Day spending and began to consider upcoming Memorial Day offerings, according to The Johnson Redbook Retail Sales Index.
     Comps rose 2.7% during the week ended May 10 after rising 3.7% in the previous week. In the discount channel, comps increased 3.2%. They were up 1.6% in the department store sector.
     "Cooler and wet weather in some regions suppressed volume in seasonal business such as apparel, lawn and garden equipment and sporting goods," said Catlin Levis, Redbook analyst. "Department stores and, to a lesser extent, discount stores, have been particularly affected since this type of merchandise represents a relatively large percentage of their business."
     Lower gas prices heading into the Memorial Day weekend could provide a boost to holiday sales, she added.

Johnson Redbook Index

Third week of May, year-over-year % change

WEEK ENDED

    5/5

    5/12

   5/19

    5/26

   MONTH

  TARGET

Department stores*

1.9

2.6

1.6

 

2.0

2.1

Discounters

2.9

4.3

3.2

 

3.5

3.2

Redbook Index

2.6

3.7

2.7

 

3.0

2.8

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

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