Same-store sales miss target

 

NEW YORK -- Same-store sales came in light and missed their target during the first week of October, rising 3.2 percent, and falling slightly shy of a goal of 3.4 percent, the Johnson Redbook Index reported.

"The week started slowly with below average customer counts, but improved toward the weekend as temperatures fell to more fall-like levels in many parts of the country," said Redbook Analyst Catlin Levis.

"Falling temperatures spurred interest in cool weather apparel, and stores were probably more promotional to clear goods ahead of the Halloween season, especially apparel specialty stores, with their recent inventory build-up," the analyst noted.

Home & Textiles Today Staff | News & Commentary

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