Same-stores sales up 3.5 percent

NEW YORK — Same-store sales backed off modestly moving into the third week of November, the Johnson Redbook reported, advancing 3.5 percent, following stronger gains of 3.6 and 3.7 percent during the two preceding weeks.

For the three weeks month-to-date, sales were still modestly ahead of plan, climbing 3.6 percent, compared with a targeted gain of 3.5 percent.

"Sales eased slightly compared to the previous period," said Redbook Analyst Catlin Levis. "However, conditions remained mixed, with performance mostly ranging from on-plan to slightly below. Some stores expressed disappointment, saying the week had been slower than the previous one and had thwarted expectations for a steady volume escalation into Thanksgiving."

And as they have in the past, customers may be waiting until the last minute to stuff the stocking, said Levis . "Stores told Redbook that the consumer's need to purchase holiday gifts is not yet urgent because of the additional two days of shopping between Thanksgiving and Christmas this year. Customers are waiting as long as possible to make their holiday purchases. The day after Thanksgiving remains the biggest shopping day of the year, and many retailers are planning to open their doors early to placate shoppers."

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.


HTT Cover October 2017

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!