Sponsors
Billabong ▼ -0.025 | PPR ▼ -0.45 | American Apparel ▼ -0.016 | The Buckle ▲ +1.18 | Columbia ▲ +0.46 | Deckers Outdoor ▲ +0.28 | Dicks ▲ +1.33 | Foot Locker ▼ -0.01 | Genesco ▲ +1.11 | Iconix Brand Group ▼ -0.26 | Jarden Corp ▲ +0.35 | Nordstrom ▲ +0.25 | Luxottica ▲ +2.71 | Nike ▲ +1.63 | Pacific Sunwear ▼ -0.01 | Skullcandy ▲ +0.25 | Sport Chalet - 0 | Urban Outfitters ▲ +0.06 | VF Corp ▲ +0.58 | Quiksilver ▼ -0.05 | Zumiez ▼ -0.82 | Macys ▲ +0.18 | Tillys ▲ +0.18 |
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
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

SES: The monthly Credit Managers' Index dips to levels last seen during the credit crunch.
ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Post-Black Friday lull sets in

By
December 07, 2010 5:56 AM

Press Release:

 

Weekly retail sales down from last week but higher than the same week last year.

 

NEW YORK, December 7, 2010 – With the 2010 holiday season now underway, normal holiday spending patterns are taking hold as consumers recovered from their Black Friday shopping and took a break this past week. As a result, for the week ending December 4, weekly retail sales declined by 2.1 percent, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Index. In addition, retail sales, on a year-over-year basis, slowed by 2.6 percent after regaining its momentum last week.

“The post-Black Friday lull once again dominated the spending pattern over the past week after an impressive and strong Black Friday performance,” said Michael Niemira, ICSC director of research and chief economist. “This early-December slowdown has become quite common in recent years, but since consumers continue to report that their holiday-gift shopping completion rate is far lower than in recent years, sales should accelerate in the coming weeks,” Niemira added.

 

For December, ICSC Research anticipates the month will post a good performance with a year-over-year comparable-store sales growth increase of between 3.0 to 3.5 percent, industry-wide.


More on: Retail sales, ICSC

Articles You Might Have Missed