Retail Sales Stellar in June

New York — Helped by warm weather and, for some, an early start to the back-to-school season, same-store retail sales surged a remarkably strong 6.6 percent during the fifth and final week of June, the Johnson Redbook Index reported.

Both major channels ended the month on a particularly strong note, discounters running up 8.5 percent, and department stores growing their sales 3.7 percent during the week.

For the entire month, same-store sales climbed 4.2 percent, past a target of 3.2 percent growth. Discounter sales grew 5.1 percent, topping a target of 3.7 percent, and department stores rose 3.2 percent, beating a target of 2.4 percent.

“The closing rally was caused in part by sharp increases in temperatures across the country, culminating in record hot weather leading up to the July 4 weekend, as well as sales promotions,” said Redbook Analyst Catlin Levis. “This spurred demand for summer merchandise and also drove consumers into air-conditioned malls and outlets to escape the heat.”

Johnson Redbook Index
Fifth Week of June

WEEK ENDED 6/4 6/11 6/18 6/25 7/2 MONTH TARGET
*Including chain stores and traditional department stores.
Source: Johnson Redbook Index.
Department stores* 2.8 3.0 3.3 3.3 3.7 3.2 2.4
Discounters 3.6 4.2 4.6 4.7 8.5 5.1 3.7
Redbook Average 3.3 3.7 4.1 4.2 6.6 4.2 3.2


Home & Textiles Today Staff | News & Commentary

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