Retailers keep pace with May comp goals    

Week ended 5/10 5/17 5/24 5/31 Month Target
*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Department stores* 1.0 0.7 0.9 0.9 0.7
Discounters 2.6 2.2 2.3 2.3 2.4
Redbook Index 2.0 1.6 1.7 1.8 1.7


New York – Retailer same-store sales for the third week of May rose 1.7%, keeping the month-to-date gain at 1.8%, the Johnson Redbook reported today.

Department store operators were slightly exceeding plan, while discounters were just a bit under their goal.

Month-over-month performance showed a 1.9% gain over April, in line with the target, said Redbook analyst Catlin Levis. The four-week retail month ends on May 31.

“Some retailers said the pace of sales was uneven in the beginning of the week but picking up as we approached the Memorial Day weekend,” Levis noted. “Seasonal merchandise was reported to be selling well where temperatures have been warm. Promotional and competitive pricing also helped sales, especially among moderately priced sectors. Discounters reported strong business in the food division ahead of the long weekend.”

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!