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Sales Miss Target, Rise 3.2 Percent

By Staff -- Home Textiles Today, 10/17/2005

New York —Same-store sales came in light and missed their target during the first week of October, rising 3.2 percent, and falling slightly shy of a goal of 3.4 percent, the Johnson Redbook Index reported.

“The week started slowly with below-average customer counts, but improved toward the weekend as temperatures fell to more fall-like levels in many parts of the country,” said Redbook Analyst Catlin Levis.

“Falling temperatures spurred interest in cool-weather apparel, and stores were probably more promotional to clear goods ahead of the Halloween season, especially apparel specialty stores, with their recent inventory build-up,” the analyst noted.

“The main merchandise themes in October include mid-fall seasonal apparel, Halloween, winter sports and early holiday,” said Levis. “Merchants said sales in these areas were starting to build.”

Johnson Redbook Index
First week of October
WEEK ENDED10/810/1510/2210/29MONTHTARGET
Department stores*2.4 2.42.7
Discounters3.8 3.83.9
Redbook Index3.2 3.23.4
*Including chain stores and traditional department stores.
Source: Johnson Redbook Index

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