Another Solid Week for Comp Sales
Home Textiles Today Staff -- Home Textiles Today, 4/16/2012 2:00:00 AM
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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