May comps hit their mark
GDA Staff -- Gifts & Dec, June 1, 2011
New York - Aggregate same-store sales came in on plan, according to the Johnson Redbook.
Comps were up 3.9% for the month, with same-stores in the final week of May (ended May 28) up 3.6% overall, with a boost from Memorial Day sales.
In the month's last week, the department store segment posted a 3.9% comp gain year-over-year, while the discount channel generated a 3.5% gain.
"The grocery division led business at most discount stores. Department stores reported strength in merchandise related to school graduation such as women's wear, men's wear, footwear and women's accessories," said Catlin Levis, Redbook analyst.
Redbook's preliminary target for June is year-over-year growth of 3.3%.
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