Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.
The pace of holiday shopping picked up last week, but fewer shoppers – about 57% of those surveyed - have completed their shopping compared to the same week last year, according to surveys and data from the International Council of Shopping Centers.
That means there could be a late, significant burst of shopping still to come this season.
For the week ending Dec. 12, sales grew 2.4 % vs. the same week last year and rose 0.4% from last week.
Good news for brands that sell to department stores: Traffic and sales increased at department stores last week as customers sought out apparel while traffic was slower at discount chains, according to the ICSC-Goldman Sachs chain store survey.
Online retailers also appear to be having a strong holiday season. According to data firm comScore, online sales rose 4% last week vs. the same period last year. And those with incomes above $100,000 shopped at twice the pace of the average shopper.
For all of December, the International Council of Shopping Centers predicts sales will increase 2% vs. December 2008. Last December, comp sales fell 4.6%