Retail Comp Sales End February Shy of Mark

New York — Same-store retail sales picked up by 3.0% during the fourth and closing week of February, but it wasn't enough to offset weather-related weakness earlier during the month, and sales for all of February missed their target, rising by 2.9%, slightly off a planned increase of 3.1%, the Johnson Redbook Index reported.

“Sales improved, but too little to compensate for the record Northeastern snowstorm the prior week, and the month closed behind its target,” said Carlin Levis, Redbook analyst. “During the week, the department store segment picked up volume, partly the result of the President's Day sales promotion which offered opportunities to clear remaining winter inventories.”

“A number of stores reported that excluding the snowstorm, sales were about on plan for the month following the strong January sales.”

Looking ahead, Levis said, “Over the next two months, sales gains will be affected by the floating Easter holiday, which occurs this year on the third week of April compared to the fifth week of March last year. This will hurt March and help April, and the months should be combined for fair comparisons.”

Levis said her preliminary target for March is a 3.4% gain over last year, but a decline of 1.6% from February.

Johnson Redbook Index
Fourth week of February, year-over-year % change

Week ended 2/4 2/11 2/18 2/25 Month Target
*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Department stores* 1.7 1.5 1.0 1.7 1.5 1.6
Discounters 4.4 4.1 3.5 3.9 3.9 4.2
Redbook Average 3.3 3.0 2.5 3.0 2.9 3.1


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.

CURRENT ISSUE

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!