Retailers rally with December comps

New York-- Same-store retail sales delivered an 11th-hour surge during the fifth and final week of December, climbing by 3.2% and putting mostU.S.retailers on or slightly ahead of plan during the closing week of the year, the Johnson Redbook Index reported.

But even with the relatively strong finish, sales for all of December just missed the mark, the Redbook Index said, rising by 2.8%, slightly beneath an anticipated 2.9% increase.

Gaining steadily throughout the month, department-store sales surged by 4.8% during the closing week, improving on a 4.5% increase the week before in the run-up to the holiday.

Sales in the final week of December rose by 2.0% at mass merchants, besting a 1.7% increase the prior week.

In a striking reversal of last year's shopping patterns, department stores significantly outperformed mass merchants during December 2006. In 2005, discounters came out on top with a 3.8% increase, and department stores lagged with a 3.0% gain. But this year, upstairs comps rose almost three times as fast as downstairs, 4.5% vs. 1.8%.

The comp-store gain for December 2006 still lagged behind last year's results. For the entire month, same-store sales rose by 2.8% in 2006, well behind the 3.4% increase put up a year ago.

Johnson Redbook chart

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 Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!