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January Comes to a Mushy End

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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
Fourth week of January, year-over-year % change

WEEK ENDED

1/8

1/15

1/22

1/29

MONTH

TARGET

Department stores*

4.0

3.5

3.3

2.2

3.3

2.7

Discounters

2.3

2.0

1.9

1.5

1.9

2.5

Redbook Index

2.8

2.5

2.3

1.8

2.3

2.6

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

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