Post Easter, April kicks off with comp slump
Retail Editor 2 -- Home Textiles Today, April 16, 2013
New York - Comps were up 2.0% in the first week of April, falling below plan, according to the Johnson Redbook Retail Sales Index.
Month-to-date, April was up 2.0% compared to April of last year, relative to a revised target of a 2.6% gain. Month-over-month showed a 2.7% drop, relative to a target of a 2.1% drop.
Comps rose 2.7% in the discount store channel and 0.7% in the department store s segment for the week ended April 13.
"Most retailers suffered from comparisons with last year's Easter-boosted week," noted Redbook analyst Catlin Levis. "Areas with warmer weather generated sales within target ranges for many retailers in seasonal categories."
Industry Related Content
Celebrity Branding at NY Home Fashions Market