July comp sales show some pop

New York — Scorching hot weather apparently sent shoppers into the malls for the air conditioning and warm-weather apparel, and key retailers across the nation reported mostly strong same-store sales during July.

The Johnson Redbook Same-Store Flash Report, which tracks 63 major retailers, said its monthly index was up 3.7%, improving on a 3.1% gain in June. Results still lagged the 4.7% increase recorded in May.

But the month was not without its disappointments. Target continued to stumble, its same-store sales rising a disappointing 3.1%, well off from its former high-flying pace, and beneath the 3.8% Wall Street had been expecting.

Even though its core low-income customer base has been hard hit by rising gas prices, Wal-Mart Stores did modestly better than expected, pushing its comps up by 2.3%, a big improvement over the 1.2% increase in June.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    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.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!