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Another Solid Week for Comp Sales

NEW YORK - Retail comps rose 4.1% in the first week of April, according to The Johnson Redbook Retail Sales Index.
     Month-to-date, April was up 4.1% compared to April of last year. For the month, Redbook expects April comps to rise 3.5%. Month-over-month showed a 0.8% gain compared to March, relative to a target of a 0.1% gain. As retailers enter the final month of the first quarter, results of the first week were running better than expected, noted Redbook analyst Catlin Levis.

Johnson Redbook Index

First week of April, year-over-year % change

WEEK ENDED

4/07

4/14

4/21

4/28

MONTH

TARGET

Department stores*

3.4

   

3.4

2.6

Discounters

4.5

   

4.5

4.0

Redbook Index

4.1

   

4.1

3.5

*Including chain stores and traditional department stores

Source: Johnson Redbook Index

     "Last minute Easter-related purchases drove demand for candies, toys and boys and girls apparel," she continued. "Retailers benefited from year-over-year comparisons as an earlier Easter created more sales volume in the week. Warm weather helped full-priced seasonal apparel business, especially women's apparel and footwear. Basic food and consumables as well as garden supplies also did well."

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