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August Comps Off to Solid Start

August Comps ON EW YORK - Sales tax holidays in 11 states helped push same-stores ahead during the first week of August, according to the Johnson Red-book.
      Comps for the week ended August 7 rose 3.0%, with department stores up 2.0% and discounters gaining 3.5%.
     "The tone of the week's business was satisfactory, although some retailers said it had begun slowly before improving toward the weekend," said Catlin Levis, Red-book analyst.
      Many retailers were still transitioning from summer clearance into back-to-school, she added.
      "The full impact of back-to-school will not be seen until later this month or early September," said Levis.

Johnson Redbook Index

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

WEEK ENDED 

8/7 

8/14 

8/21 

8/28 

MONTH 

TARGET 

Department stores*

2.0 

   

2.0

1.5

Discounters 

3.5

   

3.5 

3.4

Redbook Index

3.0 

   

3.0

2.8

Source: Johnson Redbook Index

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