Comps disappointed last week

Redbook June 17

 

New York – Shopping for Father’s Day helped drive up sales somewhat but not by much. Comps last week rose a less-than-anticipated 3.5%, versus a 3.3% gain the prior week, according the Johnson Redbook Retail Sales Index.

Month-to-date, June was up 3.4% compared to June of last year, relative to a target of a 3.8% gain. Month-over-month showed a 1.6% drop, compared to a target of a 1.3% drop.

June is a five-week month on the retail calendar, ending July 5 th .

“Father's Day was a factor in bringing people into stores and driving up traffic, producing positive spill over business into other categories,” said Redbook analyst Catlin Levis.

For the week, men's apparel and other typical gift categories were top sellers as expected. Summer apparel was very active in both discount and department stores.

“June is a critical month for retailers representing the peak of seasonal business ahead of traditional July clearance,” Levis noted.

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 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!