December Comps Slightly off Target
-- Home Textiles Today, 1/11/2010 12:00:00 AM
New York —
December same-store sales rose 1.8% compared to a target of 2.1%, the Johnson Redbook reported last week.
Comps in the final week ended Jan. 2 rose 1.6% after a 3.0% gain during Christmas week.
Both discounters and department stores narrowly missed their Rebook targets for the month. Discounters posted a monthly comp gain of 4.3% compared to an expected 4.5%. Department stores recorded a comp decline of 1.8% compared to an anticipated drop of 1.4%.
Sales were mixed. While traffic was fairly strong, clearance sales were “certainly a factor,” said Catlin Levis, Redbook analyst.
Redbooks preliminary target for January comps is a 1.5% year-over-year gain, which would mean a 0.9% month-over-month decline.
Johnson Redbook Index
Fourth week of December, year-over-year % change
| Week Ended | 12/5 | 12/12 | 12/19 | 12/26 | 1/2 | Month | Target |
| *Including chain stores and traditional department stores Source: Johnson Redbook Index |
|||||||
| Department stores* | -2.3 | -2.1 | -1.4 | -0.8 | -2.3 | -1.8 | -1.4 |
| Discounters | 3.6 | 3.9 | 4.1 | 5.5 | 4.2 | 4.3 | 4.5 |
| Redbook Index | 1.2 | 1.5 | 1.9 | 3.0 | 1.6 | 1.8 | 2.1 |
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