follow us

Labor Day perks up comps

Retail Editor 3, Retail Editor 4 -- Home Textiles Today, September 5, 2012

New York - Same-store sales for the week ended Sept. 1 rose 2.5%, according to the Johnson Redbook Retail Sales Index

The target for the month is a 2.2% gain. Month-over-month showed a 1.7% gain, relative to a target of a 1.5% gain.

The discount channel logged a 3.2% comp increase while the department store sector saw same-store sales rise 1.0%.

Sales picked up in the days leading up to the Labor Day weekend, noted Catlin Levis, Redbook analyst

"Shoppers responded positively to various Labor Day promotions and last minute back-to-school shopping despite Tropical Storm Isaac putting somewhat of a damper on the gulf coast region," she continued.

Back-to-school merchandise and seasonal apparel were key performers during the week. Discount stores registered strong food sales ahead of the long Labor Day weekend.

"Some retailers are nearing the end of their back-to-school calendars while others expect its impetus to last through the month, reflecting in sales of children's clothing, school supplies and selected hard goods," she added. "Some retailers are already getting inventories ready to jump-start their Halloween sales."

Featured Video

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today