Sponsors
Billabong ▼ -0.005 | PPR ▼ -3.75 | American Apparel ▼ -0.062 | The Buckle ▲ +0.24 | Columbia ▲ +0.30 | Deckers Outdoor ▼ -0.41 | Dicks ▼ -0.24 | Foot Locker ▼ -0.35 | Genesco ▼ -0.30 | Iconix Brand Group ▼ -0.12 | Jarden Corp ▼ -0.61 | Nordstrom ▲ +0.33 | Luxottica ▼ -0.64 | Nike ▼ -0.07 | Pacific Sunwear ▲ +0.02 | Skullcandy ▼ -0.02 | Sport Chalet - 0 | Urban Outfitters ▼ -0.37 | VF Corp ▼ -0.13 | Quiksilver ▲ +0.04 | Zumiez ▲ +0.08 | Macys ▼ -0.27 | Tillys ▲ +0.07 |
Ticker Sponsor
Readers Say
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
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Industry Insight

New business info and advice from QCS GRAPHICS, PROCOPIO, SHACC and FSG LAWYERS.

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