March comps beat expectations
-- Home Textiles Today, 4/6/2010 7:57:00 AM
Fifth week of March
year-over-year % change
| Week ended | 3/6 | 3/13 | 3/20 | 3/27 | 4/3 | Month | Target |
| *Including chain stores and traditional department stores Source: Johnson Redbook Index |
|||||||
| Department stores* | 2.3 | 2.5 | 2.7 | 3.2 | 4.1 | 2.9 | 2.9 |
| Discounters | 3.6 | 3.8 | 4.1 | 5.0 | 5.7 | 4.2 | 4.1 |
| Redbook Index | 3.1 | 3.3 | 3.6 | 4.4 | 5.2 | 3.9 | 3.7 |
New York – An earlier Easter helped propel same-store sales gains in March, which beat projections, according to the Johnson Redbook Retail Sales Index.
Comps for the month rose 3.9%, exceeding Redbook’s 3.7% target. In the final week of the month, ended April 3, total comps jumped 5.2%. Department store comps rose 3.2%, and discounter’s comps gained 5.7%.
“Most retailers were satisfied with their business and with customers’ response to spring merchandise,” said Catlin Levis, Redbook analyst.
However, retailers expect year-over-year comparisons in April to soften – again, due to the shift in the Easter holiday.
“Retailers recommend withholding judgment on the season until the end of this month when March and April can be assessed as a single accounting unit,” said Levis.
Redbooks preliminary target for April is a 3.1% rise in aggregate comp store sales.
We would love your feedback!
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
