August Comps Off to Solid Start
Home Textiles Today Staff -- Home Textiles Today, 9/4/2010 1:12:15 AM
August Comps ON EW YORK - Sales tax holidays in 11 states helped push same-stores ahead during the first week of August, according to the Johnson Red-book.
Comps for the week ended August 7 rose 3.0%, with department stores up 2.0% and discounters gaining 3.5%.
"The tone of the week's business was satisfactory, although some retailers said it had begun slowly before improving toward the weekend," said Catlin Levis, Red-book analyst.
Many retailers were still transitioning from summer clearance into back-to-school, she added.
"The full impact of back-to-school will not be seen until later this month or early September," said Levis.
Johnson Redbook Index First week of August, year-over-year % change | ||||||
WEEK ENDED | 8/7 | 8/14 | 8/21 | 8/28 | MONTH | TARGET |
Department stores* | 2.0 | 2.0 | 1.5 | |||
Discounters | 3.5 | 3.5 | 3.4 | |||
Redbook Index | 3.0 | 3.0 | 2.8 | |||
Source: Johnson Redbook Index | ||||||
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August comps off to solid start
Aug 10, 2010
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