Same-store sales slow

NEW YORK — Skewed lower by sputtering sales at the nation's big discounters, same-store retail sales limped ahead 1.3 percent during the fourth and final week of August, growing at roughly half their pace of the first two weeks of the month, and falling far short of their target.

Putting up a 1.3 percent mark during the closing week of August, the Johnson Redbook Index improved modestly over the 1 percent growth recorded the week before, but was far shy of the 2.4 percent and 2.3 percent gains of the first two weeks of the month. And for all of August, same-store sales rose 1.8 percent, falling short of a targeted gain of 2.5 percent.

The month's weakness was all in the mass-merchant channel, and during the closing weeks of August, in stark contrast to recent historical trends, sales growth at department stores easily outpaced that at discounters. During the final week, department stores grew comps 1.7 percent, far outpacing discounter growth of 1 percent.

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.


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!