A retailer asks merchandise planning expert Steve Pruitt, “March is cold and sales have been soft. Does this mean the rest of the season is going to be flat?”
There were few losers among the retailers we track for the month of March, with a dozen retailers reporting positive results and just two retailers — Bon-Ton Stores and Stein Mart — in negative territory.
Same-store sales for the month of March rose an average of 2.5 percent according to Kantar Retail, which tracks monthly sales at major retailers. The lackluster performance was blamed on high fuel prices and a shift in the Easter holiday. “What’s encouraging is that the Easter-related letup in sales wasn’t as severe as expected by […]