Retail sales fall short in first week of May

New York — With seasonal business coming up short, stymied by soggy, stormy weather in parts of the country, same-store sales moved up by 1.7 percent above year-ago levels during the first week of May but still fell short of plan, according to the Redbook Retail Sales Average.

Redbook analyst Carlin Levis said year-over-year sales had been expected to climb even higher, by 2.4 percent. On a month-over-month basis, sales fell off by 0.5 percent from April levels, compared with a modest targeted increase of 0.2 percent.

Redbook's retail sample missed its target in the first week of May, said Levis, as seasonal business disappointed some stores, "with some claiming that rainy and stormy weather put a damper on business."

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!