Retail sales falling short of target

NEW YORK -- The Johnson Redbook Retail Sales Index was up 3.4 percent in the fourth and final week of August, lowering the month-to-date increase to 3.7 percent against a targeted 3.9 percent gain.

“Sales softened in the final week of August. Consumers focused on food, home appliances and electronics,” stated Redbook Analyst Catlin Levis. “Some retailers believe hot weather may be delaying back-to-school activity, especially in the apparel categories. Despite the month's softness, retailers continue to expect satisfactory back-to-school and fall business in coming weeks.

In anticipation of Hurricane Katrina, consumers in Florida and other affected states made a run for food, water, batteries and other emergency supplies, with discount stores and hardware stores being the main beneficiaries, she said.

Home & Textiles Today Staff | News & Commentary

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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!