follow us

Discounters dragging down March comps

New York– Unexpected weakness at the nation's mass merchants offset strength at department stores, but overall same-store retail sales rose by 4.0% during the second week of March. Nonetheless, the month-to-date mark of 3.7% came in beneath the target of 4.4%, the Johnson Redbook Index reported.

Gaining strength moving into the month, department store comps jumped 5.5%, improving on a 4.3% gain the prior week. So far during March, department store sales have risen by an on-target 4.9%.

No such luck at the nation's big discounters, where erratic weather may have stymied sales, said Redbook analyst Catlin Levis. Same-store sales improved by 3.1% following a 2.8% gain the prior week, reaching just 2.9% month-to-date.

“Retailers said sales were propelled by warm weather in the West and Midwest , helping to lift regional lawn and garden sales as well as both apparel and sporting goods, while Northeast sales were dampened by a late-week storm,” said Levis .

“Sales levels are expected to rise steadily into the Easter weekend at the end of the fifth week,” she added. “Many retailers planned for a back-loaded month, with seasonal business expected to improve in the second half due to gradually warming temperatures and the early Easter holiday, usually a catalyst for spring sales.”

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

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