Same-Store Sales Swing Up in May
May 21, 2007,
Launching something of a comeback after a decidedly weak April, one of retailing's worst months in recent memory, same-store retail sales ticked up by 2.7% during the first week of May, breezing past their target of a 2.3% gain.
May comps tracked 2.5% above April, vs. a target of 2.7%.
Redbook analyst Catlin Levis said seasonal goods sold well, adding, "The impact of Mother's Day was boosted by the calendar, as retailers found themselves on the positive side of the shift in the timing of the event, just as they will on the negative side next week."
Levis said, "Sales reflected the Mother's Day business as well as school graduations, with sales such as apparel, flowers, cards, small appliances, and jewelry."
Johnson Redbook Index
First week of May, year-over-year % change
|*Including chain stores and traditional department stores
Source: Johnson Redbook Index
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