January Comes to a Mushy End
February 8, 2011,
NEW YORK - Retailers were blaming Old Man Winter for a soft 1.8% uptick in comps during the final week of January, according to the Johnson Redbook.
Comps were stronger in the department store sector, up 2.2%, than in discount, up 1.5%, during the week ended Jan. 29.
For the month, comps rose 2.3%, just missing Redbooks 2.6% target.
Redbook analyst Catlin Levis noted February contains three major events: the Super Bowl, Valentine's Day and President's Day.
"Our preliminary target is for year-over-year same store growth of a 1.8% gain," she said.
Johnson Redbook Index
*Including chain stores and traditional department stores
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