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 May 5:
The Johnson Redbook Retail Sales Index was up 2.6% in the first
week of May. Month-to-date, May was up 2.6% compared to May of last year
(relative to a revised target of a 2.8% gain). Month-over-month showed a
1.3% drop (relative to a target of a 1.1% drop). May is a fourweek month
on the retail calendar ending on May 26th.
Redbook’s retail sample missed its target in the first week of May.
Mother’s Day falls a week later this year than last, complicating
comparisons for the first week; the one-week shift in Mother’s Day had a
depressing effect on the year-over-year growth rate. Some Mother’s Day
buying was evident in sales of gifts and cosmetics, however, merchants
anticipate the full effect of the event to occur in this coming week.
Retailers are also expecting people to shop for school graduation in the
** MNI Washington Bureau (202) 371-2121 **