follow us

Discounters rescue July comps 

Week ended 7/12 7/19 7/26 8/2 Month Target
*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Department stores* -0.6  -1.2  -1.4  -1.2 -1.1 -0.4
Discounters 4.7  4.8  5.4  6.1 5.3 4.9
Redbook Index 2.7  2.6  2.9  3.5 2.9 2.9

New York – While department store operators finished July lagging comparative-store sales goals, discounters ramped up comps each week and finished well ahead – resulting in an overall on-target retail month, the Johnson Redbook reported today.

The Johnson Redbook Retail Sales Index was up 3.5% in the fourth and final week of July, resulting in a 2.9% comp gain for the month. The comp gain by discounters was a sturdy 5.3% rise – while department store comps fell 1.1%.

July comps were 1.4% above June, also on goal.

“Closing out the month and the second quarter, some retailers reported a firmer tone in sales toward the weekend, especially in apparel and school-related purchases, which they attributed to the beginning of back-to-school demand and shoppers taking advantage of sales tax breaks which some states had in effect since Friday,” said Redbook analyst Catlin Levis.

“Merchants reported that the tax-free holidays drew more store traffic than on a normal weekend in states including: Alabama, District of Columbia, Georgia, Iowa, Louisiana, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Virginia,” Levis noted.

August is a four-week retail month ending Aug. 30. “Our preliminary target for August is for 2.8% same-store growth, leaving the month about 0.6% behind July,” Levis said.

Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today