July Comps Hit Their Mark
Home Textiles Today Staff -- Home Textiles Today, 9/2/2010 7:19:03 AM
NEW YORK - Facing favorable year-over-year comparisons, the fi nal week of July fi nished out on plan, according to the Johnson Redbook. Same-store sales for the week ended July 31 rose 3.1%, led by discounters with an aggregate 3.6% comp increase while department stores logged a 2.1% gain.
Johnson Redbook Index Fourth week of July, year-over-year % change | ||||||
WEEK ENDED | 7/10 | 7/17 | 7/24 | 7/31 | MONTH | TARGET |
Department stores* | 2.1 | 1.5 | 1.1 | 2.1 | 1.7 | 1.8 |
Discounters | 3.6 | 3.3 | 3.4 | 3.5 | 3.6 | 3.4 |
Redbook Index | 3.1 | 2.7 | 2.7 | 3.0 | 3.1 | 2.9 |
*Including chain stores and traditional department stores | ||||||
The full month showed a 2.9% increase compared to July 2009, which was on target.
As back-to- chool shopping gets going in earnest, Rebook is projecting a preliminary target of 3.3% comp growth in August and 1.5% month-over-month growth compared to July.
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July comps hit their mark
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