Comp sales sagging in July

New York As heat waves across much of the country kept consumers tethered to their air-conditioned homes, and rising gas prices put even more pressure on lower-income families, same-store retail sales once again came in beneath their target during the third week of July, edging up a slender 2.1%, the Johnson Redbook Index reported.

For the three weeks month-to-date, sales increased by 2.6%, missing a targeted gain of 3.2%.

Hardest hit during a transitional month characterized by inventory clearing were department stores, where sales edged ahead by 1.7% during the third week, following a strong 3.0% gain to start the month. Discounters, with their reliance on consumables, fared better, with a 2.1% gain.

For the three weeks to date, department-store sales were u p 2.3%, missing a target of 2.8 %. Discounter sales advanced by 2.6%, but still missed the goal of a 3.4% gain.

Redbook analyst Catlin Levis said , " B y mid-August back-to-school demand is expected to inject some life into retailers. In the most recent period, retailers continued to focus on clearing summer goods and bringing in back-t o -school merchandise."

Levissaid, "Meanwhile, retailers in 13 states are gearing up for the sales-tax holidays. Retailers saw a pick-up in business inFloridawith theSaturdaysales-tax holiday kickoffforJuly 22 to 30."

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.


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!