Sponsors
Billabong ▼ -0.012 | PPR ▲ +1.15 | American Apparel ▼ -0.036 | The Buckle ▲ +0.14 | Columbia ▼ -0.73 | Deckers Outdoor ▼ -1.21 | Dicks ▼ -0.11 | Foot Locker ▲ +0.97 | Genesco ▼ -0.58 | Iconix Brand Group ▼ -0.12 | Jarden Corp ▼ -0.05 | Nordstrom ▼ -0.20 | Luxottica ▲ +0.40 | Nike ▲ +0.24 | Pacific Sunwear ▼ -0.04 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▲ +0.01 | VF Corp ▼ 0.00 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.11 | Macys ▼ -0.01 | Tillys ▲ +0.12 |
Ticker Sponsor
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
Industry Insight

CURVEXPO: Recap of the swimwear & lingerie show in Las Vegas.

SIMA: Save the Date invitation for Humanitarian Fund's STOKES ME Bowl-a-rama on Sept. 16.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Pent up demand could help retail sales

By Tiffany Montgomery
November 25, 2008 7:04 AM

There's an interesting survey out today that says more shoppers plan to shop on the day and weekend after Thanksgiving than last year. Also, more people said they will be shopping for themselves than last year.

The International Council of Shopping Centers survey says 45 percent of those surveyed said they will shop on Friday or the weekend vs. 36 percent in 2007. A whopping 81 percent of those who will shop said they will shop for themselves vs. 69 percent in 2007.

Michael Niemira, the ICSC's chief economist, who called the results "surprising," said bargains may bring shoppers out despite the downturn.

"These results further underscore how pent-up demand can be triggered by the right set of promotions and events, but also how some potentially strong sales days can co-exist with a weak underlying sales trend," Niemira said in a press release.

Lots of groups release surveys this time of year, but Niemira is very respected. I used to talk to Niemira all the time when I was the retail reporter at the Orange County Register, and he is not a cheerleader type. So if he thinks there is pent up demand that can be met this holiday season, there may be a glimmer of hope out there.

The ICSC surveyed 1,000 people between Nov. 20 and Nov. 23.

 


Articles You Might Have Missed