US DATA: Redbook for wk Jan 5: "Sales were below plan for most companies in our...
US DATA: Redbook for wk Jan 5: "Sales were below plan for most companies in our
model in the first week of January. Shoppers continue to redeem gift cards in
the post Christmas season. Retailers noted that consumers were motivated by
price as January clearance sales got under way and stores posted markdowns to
move seasonal inventories. Clearance will be the theme in January, with most
retailers planning to bring in new spring merchandise around the middle of the
month. Promotional clearance and price discounting, especially to stores with
large stocks of unsold holiday goods, are expected to cut profit margins."-
Year-over-year: Week (w/e 01/05/13 vs year-ago) 2.1%; Year-over-year: Month
(January 2013 vs January 2012) 2.1%; Month-over-month: (January 2013 vs December
2012) -0.3%.
Source: Market News International (MNI) – A Deutsche Brse company
8. January 2013 19:25:00