US DATA: Redbook for wk Feb 25: “President’s Day sales offered
opportunities to clear remaining winter inventories. Retailers said that
sales in the final week of February held up better with warmer weather.
The department store segment picked up, partly the result of holiday
promotions. Retailers are optimistic to see that early business in
spring apparel is moving at full price in addition to other seasonal
categories. The month closed slightly ahead of its targets.”
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Year-over-year: Week (w/e 02/25/12 vs year-ago) 3.4%
Year-over-year: Month (February 2012 vs February 2011) 2.9%
Month-over-month: (February 2012 vs January 2012) 1.6%