Comps in late March uptick
March 31, 2009,
Fourth week of March, year-over-year % change
|*Including chain stores and traditional department stores
Source: Johnson Redbook Index
Month-to-date, the Johnson Redbook Retail Sales Index is down 1.1%, still trailing the goal of a 0.8% comp drop. The five-week retail month will end April 4.
“Mild weather added to various spring breaks helped entice consumers to go outdoors and shop for spring necessities such as lawn and garden equipment and consumer basics,” said Redbook analyst Catlin Levis. “Sales are expected to strengthen as shopping activity increases in the coming two weeks leading up to the Easter holiday.”
Levis noted, “Retailers prefer a late Easter holiday since temperatures are more likely to be higher, making for a smooth transition into the core of the spring season. This year's Easter falls three weeks later than last year.
“Meanwhile, many businesses were disrupted by the worst floods in recorded history in the Red River valley region, North Dakota and parts of Minnesota. Sales of flood related products were brisk such as sandbags, rubber gloves, rubber boots and heavy duty bags.”
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
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...