Same-store sales finish February with a bang

NEW YORK — Helped by unexpectedly strong holiday events and the launch of spring apparel, most notably at department stores, same-store retail sales were exceptionally strong during the fourth and final week of February, jumping 7.6 percent, the Johnson Redbook Index reported.

Getting a double shot of good news from Presidents' Day and Valentine's Day, and getting a further lift from new spring fashions, same-store sales jumped an impressive 8.4 percent at department stores, hugely improving on a modest 1 percent increase the preceding week.

Discounter comps moved up almost as high, rising 7.1 percent, following a strong 4.2 percent increase the week before.

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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!