Johnson Redbook Preview
The Johnson Redbook Retail Sales Index for the 4th week of March will be released tomorrow at 8:55am EST.
The index rose 1.4% in the 3rd week of March after posting a 1.1% gain the prior week. Month-to-date, March was up 1.2% compared to March of last year. M-o-m was 1.8% above Feb.
March is a 5-week month on the retail calendar, ending April 5.
Sales performance in the 3rd week was somewhat mixed as cold weather and the early Easter holiday slowed seasonal business, but retailers were compensated by strength in consumables such as food and health and beauty aids.