Sales Meet Expectations

Helped by a sturdy, if not especially strong, Labor Day holiday event, same-store retail sales advanced 3 percent over year-before levels during the second week of September, in line with expectations, the Johnson Redbook Index reported.

“Retailers said the holiday, while positive, was in line with expectations but did not particularly exceed forecasts,” said Redbook Analyst Catlin Levis. Retailers' plans for the month, she noted, “are not especially ambitious.” Business, Levis added, “tailed off sharply in the middle of the week, only to build up again into the weekend.”

Building on recent strength, sales at the nation's department stores improved 1.8 percent, gaining on a 1.5 percent rise the preceding week. For the two weeks month-to-date, department store sales are running sharply ahead of plan, up 1.7 percent, compared with a targeted gain of 1.2 percent.

“The strength at department stores suggested consumers were focusing on higher-priced seasonal apparel, while the discount stores in our model generally reported strong activity in other merchandise categories such as food, household supplies, electronics and school supplies,” said Levis.

Johnson Redbook Retail Sales Index
Second Week of September

Week ended 9/4 9/11 9/18 9/25 10/2 month target
* Including chain stores and traditional department stores. Source: Johnson Redbook Index
Department stores* 1.5 1.8 1.7 1.2
Discounters 3.8 3.9 3.9 3.8
Redbook Index 2.9 3.0 3.0 2.8


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.

CURRENT ISSUE

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!