Home drives retail sales closer to target for July

New York — Helped by strong sales of home goods, same-store retail sales picked up by 2.6 percent over year-ago levels during the second week of July, a marked improvement over a slender 1.5 percent increase the previous week, according to the Redbook Retail Sales Average.

But even with the lift, month-to-date sales were still short of their target, moving up by 2.1 percent, shy of a targeted gain of 2.4 percent, stuck in the summer doldrums and hampered by consumer apathy in the wake of a falling stock market and mounting corporate bad news.

Discounter same-store sales were up by 4.8 percent over year-before levels during the first two weeks of July, well short of a targeted increase of 5.6 percent. But department store same-store sales, while still trending down, did modestly better than expected. Sales at the full-price retailers lipped by 2.6 percent, not quite as far as an expected drop of 2.9 percent for the two-week period.

Measured against June results, sales for the two week period slipped by 0.3 percent, compared with a forecast increase of 0.3 percent.

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!