June comps end on a high note
HTT Staff -- Home Textiles Today, 7/9/2013 1:45:39 PM
New York - Comps were up 3.6% in the fifth and final week of June following a 2.9% gain the prior week, according to the Johnson Redbook Retail Sales Index.
Month-to-date, June was up 3.0% compared to June of last year, relative to a target of a 3.3% gain. Month-over-month showed a 0.3% drop, compared to a flat target.
The final retail calendar week of June - which ended Saturday, July 6 - was the best sales period of the month, observed Catlin Levis, Redbook analyst.
"The closing rally was caused in part by sharp increases in temperatures across the country, culminating in hot weather over the July 4th holiday," she explained. "This spurred demand for summer merchandise and also drove consumers into air-conditioned malls and outlets to escape the heat."
Most store formats reported strong seasonal sales in both hard and soft lines, she said.
July, a four-week month ending Aug. 3, is typically a fairly low volume period characterized by clearing out summer goods to make way for fall. Redbook's preliminary target is for year-over-year growth of 2.8% and 0.6% gain against June.
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