August comps off to solid start

Retail Editor 8, Staff Staff, August 10, 2010

Redbook SalesNew York - Sales tax holidays in 11 states helped push same-stores ahead during the first week of August, according to the Johnson Redbook.

 

Comps for the week ended August 7 rose 3.0%, with department stores up 2.0% and discounters gaining 3.5%.

 

"The tone of the week's business was satisfactory, although some retailers said it had begun slowly before improving toward the weekend," said Catlin Levis, Redbook analyst.

 

Many retailers were still transitioning from summer clearance into back-to-school, she added.

 

"The full impact of back-to-school will not be seen until later this month or early September," said Levis.

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!