Study: July same-store sales edge up

Latest News

Save

E-mail

Study: July same-store sales edge up

August 10, 2007

Columbus, Ohio—Same-store sales increased 2.9 percent in July compared with June sales, but remained down from the same period the prior year for more than 50 retailers reporting monthly results, TNS Retail Forward reports.

July's sales results are up from a 2.3 percent sales-weighted composite reported last month and down from the 4 percent composite reported in July 2006.

Warehouse clubs, drug stores and department stores posted stronger than average sales results in July. Lagging behind were apparel and accessory stores, discount department stores and dollar stores.

Although gasoline prices did not begin to ease until August, shoppers reported that they were having less of an impact on their spending. The percentage of shoppers that said they were spending less as a result of high gas prices declined to 55 percent in July compared with 64 percent a year ago. Conversely, the percentage that said their spending had not changed because of gasoline prices increased to 45 percent in July compared with 36 percent a year ago.

"Shoppers might feel some relief from high gasoline prices, but it's unlikely to generate much of a bounce in back-to-school spending and beyond," Retail Forward Knowledge Base Director Frank Badillo said in a statement. "The looming credit crunch is among the forces likely to dampen spending going forward."

Save

E-mail

More Brand Profiles

Movado watch fetes 50 years of pirouettes, solos

A night out at the New York City Ballet or Jazz at Lincoln Center is bound to be memorable, but Movado hopes to help make it more so with a new version of its iconic "Museum" watch. Read More

Raymond Weil forms U.S. distribution company

More News

More Like This

TOPICS

Design Portfolio

BROWSE

Video

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.

Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.

ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.

Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.

Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.

CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.