Hurricane weakens same-store sales

New York — Stymied by hurricane Isabel, which stalled-out traffic at East Coast malls, same-store retail sales skipped a beat during the third week of September, edging up by 2.6 percent, off their much stronger pace of the past several weeks, according to the Redbook Retail Sales Average.

Feeling the brunt of the bad weather was the full-price department store channel, which had been making something of a comeback. Sales there were virtually flat during the third week, inching up just 0.2 percent, after gains of more than a full percentage point during the past several weeks, climbing back on track after months of steady declines.

Discount store sales, while not as strong as in prior weeks, still advanced by 4.1 percent as consumers stocked up on necessities.

Given the disruption, same-store sales for the three weeks month-to-date fell slightly beneath plan, coming in with a 3.2 percent increase, just shy of a targeted gain of 3.4 percent.

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.

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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!