Redbook average shows retail slowdown

New York — Sales at discounters and department stores slowed down somewhat during the fourth week of June, and fell below prior-month levels, but even so are close to plan for the entire month, according to the widely watched Redbook Retail sales Average. Home furnishings, significantly, were a major growth area.

Sales for the fourth week of June were 1.4 percent higher than June of last year, but fell 1.3 percent beneath May levels, compared to a target of a 1.2 percent decline.

"Both department and discount store formats were slower," said Redbook analyst Catlin Levis. "With one more week to go in fiscal June, several of our survey companies reported that they are close to their sales plans for the month."

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.

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See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!