Mild weather, King holiday, football warm January sales

NEW YORK -- With consumers still flocking to the malls to cash in their gift cards or buy into post-Christmas clearance sales, same-store retail sales came in modestly ahead of expectations during the third week of January, perking up by 3.6 percent, the Johnson Redbook Index reported.

Measured on a three-week, month-over-month basis, sales were up 3.3 percent, compared with January 2005, beating a target of a 3.1 percent.

Redbook analyst Catlin Levis pointed to several factors, including:

- Warmer weather across parts of the country encouraged shoppers to purchase spring merchandise at full price.

- Some merchants claimed to notice a stronger tone during the Martin Luther King weekend.

- At discount stores beverages and food were the week's top seller, in part due to college bowl games and the National Football League playoffs.

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!