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

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    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 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!