March Comps Start Soft
March 24, 2008,
New York —Merchandisers continued to fall short of goals in March, with comparable store sales up 1.1% in the second week, for a month-to-date comp gain of 1.1% vs. the target of 1.4%, the Johnson Redbook reported.
“During the week itself, sales were somewhat volatile day-to-day, largely the result of weather swings affecting customer traffic counts in different regions. Severe storms on late Friday across parts of the Southern states resulted in some store disruptions,” said Redbook analyst Catlin Levis.
“With the timing of this year's St. Patrick's Day and Easter so close together, retailers noticed shoppers seem to be spending less on St. Patrick's Day-related merchandise. Discount stores, with their more diverse lines, saw firm business in consumer basics such as food and household supplies. Meanwhile, sales levels are expected to rise into the [March 22-23] Easter weekend,” she said.
Johnson Redbook Index
Second week of March, year-over-year % change
|*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily
Most Viewed Articles
See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.