Comps Positive, but Slightly Off the Mark

Same-store sales posted another gain in the final week of January but the 1.0% increase for the month missed the target of 1.2%,” the Johnson Redbook reported last week.

During the week ended Jan. 30, comps rose 0.8%, making each week in January one for positive comp increases. Discounter comps rose 2.2% while department store comps fell 2.1%. Month-over-month, comps declined 1.5% compared to December.

“Stores were satisfied with their inventory position. Many claim that better inventory management this year has allowed them to discount less aggressively than was the case last January,” said Catlin Levis, Redbook analyst.

Retailers are looking forward to three major events in February: Super Bowl Sunday, Valentine's Day and President's Day. Redbook has set a preliminary target this month for year-over-year comp growth of 1.0%.

Week Ended 1/9 1/16 1/23 1/30 Month Target
*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Department stores* -0.8 -1.8 -1.6 -2.1 -1.6 -1.3
Discounters 2.5 2.2 2.3 2.2 2.3 2.5
Redbook Index 1.4 0.9 1.0 0.8 1.0 1.2

Featured Video

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 digital edition

See the June 2017 issue of Home & Textiles Today. In this issue, we discuss how U.S, ports are gearing up for the future, and what to expect from second half trade shows. See details!