Retailers Close in on June Comp Goals
By Staff -- Home Textiles Today, 7/7/2008 12:00:00 AM
New York —
Seasonally warm weather spurred continued same-store sales momentum, as retailers posted an overall 2.9% comp gain in the fourth week of June, the Johnson Redbook reported.
With one week remaining in the five-week retail month, retailers have posted a month-to-date comp gain of 2.5%, against the 2.8% target.
Department stores, with a 1.2% comp drop month-to-date, are actually well ahead of the goal of a 2.4% drop for the segment. Discounters trail their goal of a 5.9% comp pickup.
"The fourth week did represent a continuation of a slightly firmer trend although it remained below plan month-to-date. The pickup was attributed to the summer heat, which in turn promoted customer traffic for air conditioners, fans, pool and beach equipment as well as warm weather apparel, as customers seem to be buying according to their immediate needs," said Redbook analyst Catlin Levis.
"With one more week to go in fiscal June," said Levis, "several of our surveyed companies reported that they are close to their sales plans for the month."
Johnson Redbook Index
Fourth week of June, year-over-year % change
| Week ended | 6/14 | 6/21 | 6/28 | 7/5 | Month | Target |
| *Including chain stores and traditional department stores Source: Johnson Redbook Index |
||||||
| Department stores* | -3.0 | -2.7 | -1.8 | -1.2 | -2.2 | -2.4 |
| Discounters | 5.2 | 5.3 | 5.5 | 5.4 | 5.4 | 5.9 |
| Redbook Average | 2.1 | 2.3 | 2.8 | 2.9 | 2.5 | 2.8 |
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
