Login  |  Register          Free Newsletter Subscription
Email
Print
Reprint
Learn RSS

Redbook avg. has slow start in June

By Don Hogsett -- Home Textiles Today, 6/18/2001

NEW YORK — Up against a tough comparison with strong numbers last year, and hampered by that 'usual suspect,' the weather, same-store retail sales got off to a choppy start in June, partly held in check by continuing weakness at department stores and chains.

The Redbook Retail Sales Average, a gauge of same-store sales for retailers nationwide, edged up just 1.2 percent during the first week in June, compared to a strong year-ago gain of 3.4 percent.

Department stores and chains were the weak sisters of retailing, as they have been since last year, posting a sales decline of 2.3 percent, somewhat deeper than the targeted slide of 2.1 percent. During the same period last year, department stores sales were up by 1.1 percent.

Holding their own, discounters pushed their same-store sales ahead by 3.5 percent, but even they fell short of the target of 3.8 percent. Last year, sales among the big mass merchants climbed at the even faster pace of 4.5 percent.

"Retailers were up against last year's Memorial Day sales, making for difficult comparisons," said Redbook analyst Catlin Levis. "Companies said the pace of sales improved toward the end of the week as warmer weather led to an increased demand for seasonal merchandise."

Looking ahead, said Levis, "June is a critical month for most retailers, representing the peak of seasonal business ahead of traditional July clearance sales."

Redbook Retail Sales Average
First Week of June
Week Ended6/96/166/236/307/7MonthTarget
Department Stores*-2.3 -2.3-2.1
Discounters3.5 3.53.8
Redbook Average1.1 1.21.5
*Including chain stores and traditional department stores.
Source: Redbook Retail Sales Average, a unit of Instinet, a Reuters company.

Email
Print
Reprint
Learn RSS

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

Related Content

 

By This Author

Sponsored Links



 
Advertisement

More Content

  • Blogs
  • Photos

Blogs


Sorry, no blogs are active for this topic.

» VIEW ALL BLOGS RSS

Photos

  • Fall Market Kick-Off Party - part I
    HTT’s Market Kick-Off Party on Sept. 15 at the 230 Fifth Penthouse & roof deck drew hundreds of industry execs looking to beat the heat and mingle with colleagues.
  • Fall 08 Market Kick-Off Party - part II
    HTT’s Market Kick-Off Party on Sept. 15 at the 230 Fifth Penthouse & roof deck drew hundreds of industry execs looking to beat the heat and mingle with colleagues.
Advertisements





NEWSLETTERS
Click on a title below to learn more.

Home Textiles Today Extra (Daily)
Home Textiles Today's Green (Occasional)
Furniture Today eDaily (Daily)
Furniture Today Bedding Today eWeekly (Weekly)
Furniture Today's Green (Occasional)
eDaily Classifieds (Weekly)
Home Accents Today eWeekly (Weekly)
Home Accents Today Product Line (Bi-Weekly)
Home Accents Today Green (Occasional)
Casual Living eWeekly (Weekly)
Casual Living Green (Occasional)
Kids Today eKids News (Weekly)
Gifts and Decorative Accessories Direct (Weekly)
Gifts and Decorative Accessories Product Wire (Twice A Month)
Gifts & Dec Double Take (Occasional)
Playthings eXtra (Weekly)
Playthings Product Watch (Twice A Month)

About Us    |    Advertising Info    |   Site Map    |   Contact Us    |    Subscription    |   Affiliate Links    |    RSS
©2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites