Retail sales stay steady

NEW YORK -- Helped by the start of summer clearance sales and a heat wave that spurred demand for hot-weather merchandise, same-store retail sales improved 4.2 percent during the second week of July, on a par with the week before, the Johnson Redbook Index reported.

Sales for the two weeks month-to-date were slightly beneath a targeted gain of 4.3 percent.

"The week's results varied across retailers' categories, with a pickup in discount store sales compensating for a slight pull back at department stores," said Redbook Analyst Catlin Levis. Discounter sales were up 5.3 percent, building on a 5.1 percent increase the prior week. But department store sales came in light at 2.6 percent, off from a 2.9 percent increase the week before.

Discounters came in modestly ahead of plan for the week, said Levis, doing their best business in consumer staples like food and in seasonal hard goods.

Home & Textiles Today Staff | News & Commentary

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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!