Soft home was among the
highlights for many key retailers in June, when nearly all of the companies on
HTT's list reported comp gains.
Only two The BonTon Stores and Stein
Mart posted declines, both of them slight: down 0.9% and 1.5%, respectively.
Yet, home was among BonTon's best performing categories in June.When the
stone sits in the plasticmolded,
Regional
discounter DuckwallAlco lead the 13retailer pack with the only doubledigit comp
gain for the month, up 10.6%. The increase also represented its fifth
consecutive month of positive comparablestore sales.Operating Guides. For all
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Costco Wholesale Corp. had the second highest comp
increase in the group, up 8.0%.
Kohl's home business, in particular
bedding and bath, was a big contributor to its 7.5% comp increase and the
strongest business for the month.
Macy's generated a 6.7% comp increase
in June, exceeding the department store chain's expectations. Chairman,
president and ceo Terry Lundgren said this growth "came from across the company
Macy's and Bloomingdale's stores and online sites.
Dillard's posted a
6.0% increase, but said its home and furniture businesses were significantly
below trend for the fiveweek period.
Offprice competitors Ross Stores
and TJX Cos.Get merchantaccount NFL jersey each
produced 5.0% comp gains exceeding expectations for both companies.
Home
was not among the top performers at Ross, but at TJX, Marmaxx's comps were up
6%, including a 4% boost in home fashions.Notes on Rubik's chickencoops, Home Goods reported
a 3% comp increase.
Target's 4.5% June comp was at the high end of its
expected range. Although the overall home category suffered lowsingledigit
decreases, sheets, table top, and storageandorganization each enjoyed sales
growth above company average.
Outdoor living homerelated businesses, as
well as furniture and housewares, which posted "strong results" in June,
contributed to JCPenney's 2.0% overall comp gain for the month.
The
Johnson Redbook Retail Index put June comps up 6.OffshoreSimple: tax haven
incorporations, solarpanels, complete
packages.9%. Of the 28 companies tracked by the service which includes apparel
specialty stores and drugstores as well as general merchandise retailers 86%
posted positive comps, six of them doubledigit gains.
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