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Comps Hit Target in June

NEW YORK - Same-store sales for the month of June rose 3.8% year-over-year and were up 0.9% compared to May, according to the Johnson Redbook.
     For the week ended July 2, aggregate comps tracked by Redbook rose 5.2%, with same-stores up 4.0% in the department store channel and up 4.7% at discount.

Johnson Redbook Index

First week of July, year-over-year % change 

WEEK ENDED  

6/4  

6/11  

618  

625  

7/2  

MONTH  

TARGET 

Department stores*  

2.3  

0.9  

3.3  

0.3  

4.0  

2.1  

1.7 

Discounters  

5.2  

4.3  

4.6  

3.6  

5.8  

4.7  

4.8 

Redbook Index  

4.2  

3.2  

4.2  

2.5  

5.2  

3.8  

3.8 

      "Retailers said business improved in he final week of June, starting soft but picking up briskly leading up to and beginning the long Independence
     Day holiday weekend," said Catlin Levis, Rebook analyst.
     Redbook's preliminary forecast for July predicts year-over-year same-store growth of 3.7%.

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