Comps Hit Target in June
Home Textiles Today Staff -- Home Textiles Today, 7/15/2011 10:54:10 PM
NEW YORK - Same-store sales for the month of June rose 3.8% year-over-year and were up 0.9% compared to May, according to the Johnson Redbook.
For the week ended July 2, aggregate comps tracked by Redbook rose 5.2%, with same-stores up 4.0% in the department store channel and up 4.7% at discount.
Johnson Redbook Index First week of July, year-over-year % change | |||||||
WEEK ENDED | 6/4 | 6/11 | 618 | 625 | 7/2 | MONTH | TARGET |
Department stores* | 2.3 | 0.9 | 3.3 | 0.3 | 4.0 | 2.1 | 1.7 |
Discounters | 5.2 | 4.3 | 4.6 | 3.6 | 5.8 | 4.7 | 4.8 |
Redbook Index | 4.2 | 3.2 | 4.2 | 2.5 | 5.2 | 3.8 | 3.8 |
"Retailers said business improved in he final week of June, starting soft but picking up briskly leading up to and beginning the long Independence
Day holiday weekend," said Catlin Levis, Rebook analyst.
Redbook's preliminary forecast for July predicts year-over-year same-store growth of 3.7%.
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