Redbook average lifted by late shopping spree

New York — Given a lift by last-minute shoppers and bargain-seekers, same-store sales moved up by 1.5 percent during the fourth week of December, pushing overall retail sales for the first four weeks of the month ahead of expectation, but still somewhat beneath last year's dismal level, the widely watched Redbook Retail Average reported.

Predictably, the nation's mass merchants continued their strong performance with a 4.5 percent increase for the week, but department store sales, while improving, still fell 1.8 percent behind last year's sales levels.

"Sales improved substantially for the Christmas week as traffic counts were up from the previous period and the average purchase was larger," said Redbook analyst Catlin Levis. "Most of our sample companies reported sales that were at or above plan. With one more week to go in fiscal December, retailers' overall results for the month were above their modest expectations."

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 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!