December comps exceeded expectations

Retail Editor 4, January 4, 2011

New York - The Christmas weekend blizzard may have knocked nationwide travel off course but it didn't derail shoppers, according to the Johnson Redbook.
Aggregate comps for December rose 3.6%, outpacing a projected 3.2% gain. During the final week of the month, comps were up a smart 4.7% at department stores and 2.8% at discounters.
"Clearance sales of seasonal inventory were certainly a factor in post Christmas buying. There were reports of significant upside performance at some department stores, which tend to be more promotional than discount stores this time of year," said Catlin Levis, Redbook analyst.
Redbook's preliminary target for January is a 2.8% gain over January 2010, which would mark a 0.5% decline from December.

Research Store

Featured Video

Subscribe to
Home Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT November 2017 cover

See the November 2017 issue of Home Textiles Today. In this issue, we look at Complex Colors, Complex Times--Trend forecasters and interior designers weigh in on 2018 palettes and motifs.  Other articles include: Data: Exclusive HTT soft window research; Innovation: Material Changes conference preview; Country report: India invests in the future and Fabrics: Showtime preview.  See details!