Comps slow in second week of January

New York – Same-store sales rose 0.9% in the week ended Jan. 16 after climbing 1.4% a week earlier, the Johnson Redbook reported today.

As business at discounters returned to a non-holiday pace, comps in the channel gained 2.2% while comps at department stores declined 1.8%.

“Department store sales are typically volatile in January as they work through the annual clean-out of winter inventory and drive sales by pricing advertising and clearance,” said Catlin Levis, Redbook analyst.

At discount stores, sales shifted back toward basics and food, she added. “With less merchandise to clear out, stores are already sotcking up Valentine’s Day and spring merchandise.”

Inventory plans for spring and summer remain lean, said Levis.

 

 

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

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Current issue for September 2017

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... See details!