March same-store sales staying soft
March 18, 2008,
|*Including chain stores and traditional department stores
Source: Johnson Redbook Index
New York – Merchandisers continued to fall short of goals in March, with comparable store sales up 1.1% in the second week, for a month-to-date comp gain of 1.1%, vs. the target of 1.4%, the Johnson Redbook reported today.
“During the week itself, sales were somewhat volatile day-to-day, largely the result of weather swings affecting customer traffic counts in different regions. Severe storms on late Friday across parts of the Southern states resulted in some store disruptions,” said Redbook analyst Catlin Levis.
“With the timing of this year's St. Patrick's Day and Easter so close together, retailers noticed shoppers seem to be spending less on St. Patrick's Day-related merchandise. Discount stores, with their more diverse lines, saw firm business in consumer basics such as food and household supplies. Meanwhile, sales levels are expected to rise into the [March 22-23] Easter weekend,” she said.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
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...