Redbook average stays slightly ahead of plan

New York — With home-related goods still hitting a home run and stores clearing out excess inventory in a post-holiday mode, same-store retail sales improved modestly during the third week of January and remained somewhat ahead of plan, according to the Redbook Retail Sales Average.

Sales for a broad cross-section of American retailers advanced by 1.5 percent over year-before levels, slightly ahead of the 1.4 percent increase recorded the prior week.

Home-related goods "continue to be driven by a strong housing market and several retailers again reported last week that it was a standout," said Redbook analyst Catlin Levis.

For the three weeks month-to-date, the Redbook Average, lifted by continued strength at discounters, climbed by 1.6 percent, modestly ahead of a targeted gain of 1.5 percent. Predictably and routinely, all of the gains came out of the nation's mass merchants, up 4.9 percent, while department stores continued to lag, sales dropping off by 3.6 percent, failing even to hit the target of a 2.7 percent decline.

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!