Comps softened in May’s third week
-- Home Textiles Today, 5/25/2010 8:22:00 AM
Third week of May,
year-over-year % change
| Week ended | 5/8 | 5/15 | 5/22 | 5/29 | Month | Target |
| *Including chain stores and traditional department stores Source: Johnson Redbook Index |
||||||
| Department stores* | 1.5 | 1.0 | 1.0 | 1.1 | 1.2 | |
| Discounters | 4.2 | 3.9 | 2.7 | 3.6 | 3.9 | |
| Redbook Index | 3.3 | 2.9 | 2.0 | 2.8 | 3.0 | |
New York – Up against a tough comparison to last year – when pre-Memorial Day sales fell a week earlier than they do this year – same-store sales softened a bit last week, rising 2.0%, according to the Johnson Redbook.
Redbook also cited cold weather in the West and heavy rain in parts of the Midwest for dampening business in both hard lines and soft lines. Month-over-month, comps were up 0.3% compared to April.
Redbook analyst Catlin Levis noted that although many retailers reported better first quarter results, most “were still cautious on their outlook amid high unemployment and inflation pressure.”
She added: “Some discounters already have started to mark down to attract consumers who remain focused on value.”
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-
Seasonal shift lifts comps
Nov 24, 2009 -
Comps lackluster in September’s third week
Sep 22, 2009 -
August comps off to a lackluster start
Aug 11, 2009 -
Redbook: Sales soften for second week in a row
May 27, 2009 -
March same-store sales sputter
Mar 10, 2009
