January Comes to a Mushy End

Home Textiles Today Staff -- Home Textiles Today, 2/8/2011 5:55:22 AM

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.