Comp pace slackened last week

Retail Editor 8, Staff Staff, June 29, 2010


Fourth week of June year-over-over % change


 Week Ended
 6/5 6/12 6/19 6/26 7/3Month
 Department Stores*
 1.3 0.0 1.1 0.0  0.6 1.3
 Discounters 4.4 3.9 4.2 3.7  4.0 4.2
 Redbook Index
 3.4 2.7 3.2 2.5  3.0 3.2

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


New York - A seasonal lull ahead of Independence Day slowed same-store sales growth during the fourth week of June to 2.5% following a 3.2% gain a week earlier, according to the Johnson Redbook.


"Both department store and discount store formats were slower last week, as opposed to the previous week, and were brought down below plan month-to-date," said Catlin Levis, Redbook analyst.


Basics outsold apparel and other soft goods, she added.


"Some retailers said their seasonal inventory is slightly higher than they would prefer at this point in the cycle, but continue to expect sell-through during the hot weather as more customers buy according to immediate needs," said Levis.


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