September comps helped by BTS, holiday
David Perry -- Furniture Today, September 9, 2009
New York – Getting a boost in the run-up to Labor Day, same-store sales during the first week of September were slightly better (up 0.2%) than August, the Johnson Redbook reported today.
Comps for the week ended Sept. 5 declined 2.4% compared to September 2008. Discounters got closer to positive comp territory with a 0.7% comp decline. The strongest categories were children’s clothing, shoes and lower-margin back-to-school supplies on the general merchandise side as well as food, according to Catlin Levis, Redbook analyst.
Department stores continue to struggle, recording a 5.3% drop.
“Some retailers are nearing the end of their back-to-school calendar, while others expecte its impetus to last through the month, reflecting in sales of children’s clothing and school supplies,” said Levis.
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