Comps continue positive trend into August's second week
Kara Cox -- Home Accents Today, August 20, 2013
New York - Comps were up 3.4% last week following a 3.7% gain the prior week, according to the Johnson Redbook Retail Sales Index.
For the retail week ended Aug. 19, same-store sales rose 2.4% in the discount store channel and 1.9% in the department store segment.
Month-to-date, August was up 3.6% compared to August of last year, relative to a target of a 3.9% gain. Month-over-month showed a 0.2% gain, relative to a target of a 0.5% gain.
Redbook analyst Catlin Levis said merchandise trends over the past week "continued the theme set earlier in the month, with apparel sales reflecting back-to-school demand, focused on children's clothing, as well as seasonal patterns which, for some retailers, centered on higher priced lines."
She added that apparel sales are doing well in the south were school starts earlier. The positive impact of state tax holidays included in Maryland.
"Meanwhile, cooler weather in parts of the country was possible mixed blessing, it helped sales of back-to-school and fall seasonal apparel, but may have also suppressed activity in late summer hard lines such as air conditioners as well as outdoor and sporting equipment," Levis said.