Another Sound Week for Comps
Home Textiles Today Staff -- Home Textiles Today, 8/2/2011 5:57:37 AM
NEW YORK - Same-store sales rose 3.8% during the second week of July after climbing 4.6% the previous week, according to the Johnson Redbook.
Johnson Redbook Index Second week of July, year-over-year % change | ||||||
WEEK ENDED | 7/9 | 7/16 | 7/23 | 7/30 | MONTH | TARGET |
Department stores* | 4.2 | 3.1 |
| 3.7 | 3.0 | |
Discounters | 6.1 | 4.1 | 5.1 | 5.1 | ||
Redbook Index | 5.4 | 3.8 | 4.6 | 4.4 | ||
*Including chain stores and traditional department stores | ||||||
Comps in the department store sector rose 3.1% while same-store sales in the discount channel increased 4.1%.
"Sales pulled back in the latest week," said Redbook analyst Catlin Levis. "July is typically a trendless, transitional and clearance month. Intra-month volatility should persist as companies pursue their individual promotion calendars."
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