The FINANCIAL — National chain-store sales fell 1.3% in the first week of September from the comparable period in August, according to Redbook Research’s latest indicator, released on September 9, according to Nasdaq.
The index’s decrease compared with a target for a decline of 1.5%.
The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period improved 1.3% from a year earlier, compared with a revised target for an increase of 1.2%.
Redbook noted that sales picked up in the days leading up to the Labor Day holiday weekend as shoppers responded positively to various promotions and looked to do some last minute back-to-school shopping. Other retailers noted the difficult comparisons with last year’s Labor Day week performance as the holiday fell a week later this year, Redbook added.
September is a five-week month on the retail calendar ending on Oct. 3.
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