Same-Store Sales Slow

Skewed lower by sputtering sales at the nation's big discounters, same-store retail sales limped ahead 1.3 percent during the fourth and final week of August, growing at roughly half their pace of the first two weeks of the month, and falling far short of their target.

Putting up a 1.3 percent mark during the closing week of August, the Johnson Redbook Index improved modestly over the 1 percent growth recorded the week before, but was far shy of the 2.4 percent and 2.3 percent gains of the first two weeks of the month. And for all of August, same-store sales rose 1.8 percent, falling short of a targeted gain of 2.5 percent.

The weakness was all in the mass-merchant channel, and during the closing weeks of August, in contrast to recent trends, sales growth at department stores easily outpaced that at discounters. During the final week, department stores grew comps 1.7 percent, far outpacing discounter growth of 1 percent.

Johnson Redbook Retail Sales Index
Fourth week of August

WEEK ENDED 8/7 8/14 8/21 8/28 MONTH TARGET
*Including chain stores and traditional department stores.
Source: Johnson Redbook Index
Department stores* 1.0 0.3 1.3 1.7 1.1 1.0
Discounters 3.3 3.6 0.8 1.0 2.2 3.5
Redbook Index 2.4 2.3 1.0 1.3 1.8 2.5

Home & Textiles Today Staff | News & Commentary

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HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!