Sales continue to slide as consumers fret about future

New York — With consumers still fatigued by war talk and increasingly worried about the economy and the job market, same-store retail sales skidded down during the first week in March, slipping by 0.7 percent, according to the Redbook Retail Sales Average.

And curdling hopes of a retail recovery any time soon, sales are expected to remain soft throughout the rest of the month, hampered by a late Easter holiday that will pull sales into April.

Consumers continued to shun full-price department stores and high-price deferrable purchases, and focused on the necessities. Basic consumer goods did better than seasonal goods, putting discounters ahead of department stores relative to the plan after the first week. Discount sales were led by food, electronics, household supplies, drugs and consumables, although some reported strength in seasonal apparel categories in regions where the warm weather has arrived.

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

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!