January same-store sales end short of goal   

Week ended 1/12 1/19 1/26 2/2 Month Target
*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Department stores* -0.3 -0.6 -0.9 -1.6 -0.9 -0.3
Discounters 1.6 1.4 1.2 1.3 1.4 1.9
Redbook Index 0.9 0.7 0.4 0.2 0.5 1.1

New York – Comparable store retail sales were up 0.2% in the week ending Saturday, Feb. 2, slowing from a 0.4% rise the week before, the Johnson Redbook reported today.

Overall January comps rose 0.5% vs. the targeted gain of 1.1%. Both discounters and department stores fell well short of their goals, and month-over-month comps were down 0.4% from December vs. the goal of positive 0.1%.

Each successive week in January generated comps lower than the week before.

“Some companies indicated they were discounting more aggressively than originally intended,” said Redbook analyst Catlin Levis, “and were offering zero percent financing promotional activities ahead of Super Bowl Sunday. The event also drove sales of snack foods, beverages and other related merchandise.”

Levis reported, “Shoppers capitalized on early tax refunds and redeemed Christmas gift cards for items such as HDTVs and furniture.” Perhaps this may serve as an early indicator of how consumers might use potential fresh funds from the emergency “economic stimulation” spending initiative now under consideration in the U.S. Senate.

Looking ahead, Levis noted, “February is a four-week month ending on March 1 and is the start of the fiscal year for most retailers. The month contains two major events, Valentine's Day and President's Day. Our preliminary target is for year-over-year same-store growth of 1.0%” for the month.

Most retailers will officially report January sales on Thursday, Feb. 7.

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

  • 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!