March same-store sales come in like a lamb  

Week ended 3/8 3/15 3/22 3/29 4/5 Month Target
*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Department stores* 0.6 0.6 0.9
Discounters 1.3 1.3 1.8
Redbook Index 1.0 1.0 1.4

New York – Merchandisers lagged goals in the first week of March, posting a 1.0% comparable-store sales gain, vs. the target of a 1.4% gain, the Johnson Redbook reported today.

Both discounters and department stores were behind trend. The five-week March retail month ends on April 5.

“Certain retailers said their business was hampered by snowstorms and heavy rainfall in many parts of the country, reducing traffic and suppressing demand for spring goods,” said Redbook analyst Catlin Levis. “Many retailers simply noted that traffic was sparse and customers were reluctant to spend.”

She suggested that seasonal goods will pick up momentum as warmer weather and the Easter holiday draw near.

“Easter falls on the third week, earlier than it did last year, shifting holiday related business into March. To counter the calendar distortion, retailers suggest that the two months be averaged together for comparison purposes,” Levis reminded.

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!