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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.

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