follow us

June Comps Miss Redbook Target

NEW YORK - Same-store sales rose 2.2% year-over year in June, failing to hit the 2.9% increase projected by Johnson Redbook Retail Sales Index.
     Month-over-month, comps were up 0.2%. Redbook had expected a 0.9% increase. In the final week of June, ended June 30, comps were up 1.7% following a 1.9% gain the prior week. Redbook analyst Catlin Levin called the results "disappointing, though not particularly surprising, sub-performing month." She added: "The softer week partly due to the fourth of July holiday delaying shopping as well as calendar comparisons (July 4 is on Wednesday compared to Monday last year)."Redbook's preliminary target for July is year-over-year same-store sales growth of 2.6%. Levin noted that July sales volume tend to relatively slow and clearance-driven.

Johnson Redbook Index

Fifth week of June, year-over-year % change

WEEK ENDED

6/02

  6/09

  6/16

  6/23

  6/30

  MONTH

  TARGET

Department stores*

2.4

1.0

1.9

1.3

1.0

1.5

2.2

Discounters

3.5

2.4

2.7

2.2

2.1

2.6

3.3

Redbook Index

3.1

2.0

2.4

1.9

1.7

2.2

2.9

*Including chain stores and traditional department stores

Source: Johnson Redbook Index

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