Sponsors
Billabong ▼ -0.007 | PPR ▼ -0.30 | American Apparel ▲ +0.005 | The Buckle ▲ +0.68 | Columbia ▲ +0.93 | Deckers Outdoor ▲ +0.57 | Dicks ▼ -0.36 | Foot Locker ▲ +0.85 | Genesco ▲ +1.22 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▲ +0.69 | Nordstrom ▲ +0.58 | Luxottica ▲ +0.04 | Nike ▼ -0.41 | Pacific Sunwear ▼ -0.03 | Skullcandy ▼ -0.07 | Sport Chalet - 0 | Urban Outfitters ▲ +0.19 | VF Corp ▲ +0.32 | Quiksilver ▲ +0.02 | Zumiez ▲ +0.73 | Macys ▲ +0.67 | Tillys ▼ -0.22 |
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

December ends on a positive note despite weather issues

By Press Releases
January 04, 2011 6:26 AM

 

- Weekly sales rise by 0.4% vs. last week

 

- Sales rise 3.6% year-over-year

 

NEW YORK, January 4, 2011 – Despite a major Nor’easter, which affected the East Coast, retailers closed the fiscal month of December on a positive note and enjoyed four weeks of positive weekly sales results over the five-week fiscal month. For the week ending January 1, retail sales rose by 0.4 percent from the prior week, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Index. In addition, retail sales, on a year-over-year basis, softened a bit but remained positive overall at 3.6 percent.

 

“Although the beginning of the fiscal week’s sales were battered by a major Nor’easter along the East Coast, the warming trend by week’s end helped lift store traffic as well as helped to recover some lost post-Christmas sales earlier in the week,” said Michael Niemira, ICSC vice president of research and chief economist. “In the end December will prove to be a relatively healthy sales month for retailers,” Niemira added.

 

For December ICSC Research expects industry sales will increase by approximately 3.5 percent (with a bias on the stronger side) when retailers report their monthly sales results on Thursday, January 6. In addition, ICSC will be releasing its combined November-December holiday-season sales results on Thursday, January 6.


Articles You Might Have Missed