Comps clicking along
July 26, 2011-- Home Textiles Today,
New York - Same-store sales rose 3.5% last week following a 3.8% increase a week earlier as retailers simultaneously clear summer goods and begin stocking back-to-school merchandise, according the Johnson Redbook.
Comps were up 3.6% in the discount store sector and up 3.3% for department stores.
"Back-to-school activities appears to be on target so far, although its impact will be easier to assess next month," said Catlin Levis, Redbook analyst.
She added that by mid-August, 16 states will hold tax-free shopping holidays, which retailers hope will spur shopping activities.
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DayThree from the NY Textiles Market