Redbook index released

Retail sales fell off during the second week of February, a second straight week of declines, despite a bump-up provided by the Valentine's Day holiday, the Redbook Retail Index reported.

Adjusted retail sales dipped by 0.5 percent from January levels after dropping by 0.9 percent the prior week. After getting guidance from key U.S. retailers, the widely watched Redbook service has set a target for the month of a small 0.1 percent decline from January levels. Measured on a year-over-year basis, sales for the first two weeks of February rose by 2.4 percent, with a sales target for the month of a 2.9 percent increase.

Despite a lift from the holiday, usually a major draw, sales at big broadlines retailers, including department stores and chains, were mixed, while discounters modestly beat their sales targets for the month. Redbook analysts said the overall sales pattern for February is unlikely to improve during the remaining weeks of the month from their below-plan sales target.

In addition to sales of items pegged to the Valentine's holiday, like candy, cosmetics, jewelry and women's accessories, some retailers also reported continuing sales from discounted winter merchandise.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    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 August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!