Home-related goods got "spring fever" last week
April 17, 2012,
New York - Same-store sales rose 3.0% year-over-year last week following a 4.1% gain the prior week, according to The Johnson Redbook Retail Sales Index.
Home improvement and outdoor merchandise "were reported to be showing signs of spring fever; and business in household basics as well as food and consumables were solid," said Catlin Levis, Redbook analyst.
The earlier Easter this year impacted comparisons, said Levis. "Many stores were closed on Easter Sunday resulting in a comparison of six shopping days versus seven on a year-over-year basis, making for a difficult comparison," she said.
In addition, she said Midwest tornado outbreaks at the end of the week dampened demand for spring goods. Sales were disrupted unevenly on a regional basis, particularly affecting apparel-intensive stores compared with more diversified retailers.