Sponsors
Billabong ▼ -0.030 | PPR ▲ +1.55 | American Apparel ▼ -0.116 | The Buckle ▼ -0.06 | Columbia ▲ +1.36 | Deckers Outdoor ▲ +0.26 | Dicks ▼ -0.25 | Foot Locker ▲ +0.05 | Genesco ▲ +0.38 | Iconix Brand Group ▲ +0.03 | Jarden Corp ▲ +0.52 | Nordstrom ▲ +0.91 | Luxottica ▲ +0.10 | Nike ▲ +0.68 | Pacific Sunwear ▲ +0.02 | Skullcandy ▼ -0.09 | Sport Chalet ▼ 0.00 | Urban Outfitters ▲ +0.45 | VF Corp ▲ +0.14 | Quiksilver ▼ -0.04 | Zumiez ▼ -0.11 | Macys ▲ +0.12 | Tillys ▼ -0.14 |
Ticker Sponsor
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
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

KNOWSHOW: Complete list of exhibit brands and mobile app available.
MOSS ADAMS: Alert! Authorities after 45,000 businesses that didn't file 2012 California corporate taxes.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Last minute shoppers boost holiday sales

By Press Releases
December 28, 2011 8:14 AM

Press Release:

 

LAST MINUTE SHOPPERS GIVE WEEKLY SALES A SOLID LIFT

Weekly Sales Rise for Second Consecutive Week

 

NEW YORK, December 28, 2011 – Last minute shoppers were out in force this past week as they finished up their holiday shopping giving retailers a strong two-week sales finish to the 2011 holiday season. Overall, for the week ending December 24, 2011 weekly retail sales rose by a solid 0.9 percent, according to International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index. On a year-over-year basis, retail sales remained positive and relatively steady at 4.5 percent.

 

"As expected, holiday shopping went down to the wire as consumers took advantage of the full shopping week ahead of Christmas Day, which fell on a Sunday this year,” said Michael Niemira, ICSC vice president of research and chief economist. "Overall this holiday season appears to have been a positive one for retailers, though there were some pockets of weakness. Looking ahead, the ICSC-Goldman Sachs consumer tracking survey suggests that consumer gift-card expenditures were higher than in recent years, which suggests gift-card redemption in the coming weeks could be stronger than in recent years too,” added Niemira.

 

For December, ICSC expects that comparable-store sales will increase by 3.5 to 4.0 percent.

 

The Weekly Chain Store Sales Snapshot is produced by the International Council of Shopping Centers and Goldman Sachs.  This index measures U.S. nominal same-store or comparable-store sales excluding restaurant and vehicle demand.


More on: Retail sales, ICSC

Articles You Might Have Missed