Retail sales holding their own

NEW YORK -- Tax-free holidays in some states helped the Johnson Redbook Retail Sales Index rise 4 percent in the first week of August, edging past a targeted gain of 3.9 percent.

“August is similar to July, somewhat transitional and characterized by final summer clearance and the shift in inventory to back-to-school merchandise and fall apparel,” stated Redbook Analyst Catlin Levis. “Stores differ in the way they time the transition, but most are fully positioned by the end of August. Summer clearances are generally being priced less aggressively than usual following weather-driven selling earlier in the season, mainly in June, which left inventories leaner than expected.”

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 Home Fashions Market: It's all about monitoring

    Camera Icon More Videos