WASHINGTON (MNI) – The following is the text of the weekly retail
sales report released by Johnson Redbook Tuesday, for the month-to-date
through the week-ended December 18:
The Johnson Redbook Retail Sales Index was up 3.8% in the third
week of December following a 2.5% gain the prior week. Month-to-date,
December is up 3.3% compared to December of last year (relative to a
targeted 3.2% gain). Month-over-month showed a 0.1% gain compared to
November (relative to a flat target). December is a five-week month on
the retail calendar ending on January 1st of 2011.
Cold weather nationwide stimulated sales of winter apparel and
other cold weather items. The primary focus during the week was also
holiday seasonal business, dominated by gift and holiday categories,
including toys, electronics and jewelry. By the end of the week,
retailers were gearing up for the expected pre-Christmas rush, which
includes an extra day this year. For some, a strong weekend was a
favorable omen. However, most are withholding judgment until the final
two swing weeks are over. Most retailers are extending store hours to
help shoppers beat the last minute rush before Christmas.
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MAUDS$]
