Comps hit bump in between holidays
June 10, 2014,
New York – With Memorial Day gone and Father’s Day sales not yet in full force, comps were up 3.3% last week, according to the Johnson Redbook Retail Sales Index.
June is a five-week month on the retail calendar, ending on July 5 .
Without an immediate seasonal event around which to drive sales, most retailers were slightly below plan for the week, noted Redbook analyst Catlin Levis.
“Retailers anticipate the full effect of the Father's Day event to occur over the course of [this] week. June represents the peak of seasonal business before traditional July clearance sales and therefore is a crucial month for most retailers. Weather will be key in terms of allowing stores to make up sales before margin cutting clearance,” she said.
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily
Most Viewed Articles
See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.