Retail sales climb

NEW YORK — Despite unseasonably cold and damp weather that cramped sales of seasonal apparel in many parts of the country, same-store retail sales, helped by the Memorial Day weekend, moved up by 1.5 percent from year-ago levels during the third week of May, jumping up after a much softer 0.3 percent increase the preceding week.

Sales for the three weeks month-to-date advanced a slender 0.8 percent from May of last year, the Redbook Retail Sales Average reported. And sales for the three-week period are down by 2.7 percent from the same period last month, according to the widely watched gauge of retail activity. The Redbook Average measures same-store sales of a large sample of department stores and discounters representing about 9,000 doors around the nation.

As during the past two years, all of the gain during the third week of May came out of the discount channel, offsetting a continued decline at full-price department stores. Discounter sales strengthened by 2.9 percent, improving over gains of 1.3 percent recorded during each of the two previous weeks. For the three weeks month-to-date, discounter sales are up by 1.9 percent, slightly ahead of the target of 1.8 percent. Department store sales, though, slipped by 0.8 percent, a slight improvement over the prior week's 1.3 percent drop. Month-to-date, department store sales were off by 0.8 percent, just missing the target of a 0.7 percent decline.

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.

Research Store

Featured Video

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 November 2017 cover

See the November 2017 issue of Home Textiles Today. In this issue, we look at Complex Colors, Complex Times--Trend forecasters and interior designers weigh in on 2018 palettes and motifs.  Other articles include: Data: Exclusive HTT soft window research; Innovation: Material Changes conference preview; Country report: India invests in the future and Fabrics: Showtime preview.  See details!