Comps softened a bit during December's second week

Retail Editor 3, December 14, 2010

New York - After a frenetic shopping pace at the beginning of the holiday sales season, comps eased up a bit during the second week of December, according to the Johnson Redbook.
Same-store sales for the week ended Dec. 11 rose 2.5% after a 3.8% hike a week earlier. Comps for the department store sector showed to 1.8%, while discounter segment comp came in a 3.2%.
"With the month significantly back-loaded with last minute holiday shopping along with the new year, retailers entered the expected "soft-middle" of the holiday season as most remained cautiously optimistic in sitting out the pre-Christmas wait," said Catlin Levis, Redbook analyst.
She noted there is one extra shopping day before Christmas this year, "which should add some growth."


Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!