Sponsors
Billabong ▼ 0.000 | PPR ▲ +1.45 | American Apparel ▼ 0.00 | The Buckle ▲ +0.11 | Columbia ▲ +0.05 | Deckers Outdoor ▲ +0.86 | Dicks ▼ -0.88 | Foot Locker ▲ +0.40 | Genesco ▼ -0.14 | Iconix Brand Group ▲ +0.40 | Jarden Corp ▲ +0.40 | Nordstrom ▲ +0.02 | Luxottica ▼ -0.11 | Nike ▲ +0.33 | Pacific Sunwear ▼ -0.08 | Skullcandy ▼ -0.03 | Sport Chalet ▼ 0.00 | Urban Outfitters ▲ +0.09 | VF Corp ▲ +0.53 | Quiksilver ▼ -0.03 | Zumiez ▼ -0.52 | Macys ▲ +0.50 | Tillys ▼ -0.08 |
Ticker Sponsor
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

MOSS ADAMS: Alert! Authorities after 45,000 businesses that didn't file 2012 California corporate taxes.
CIT: Acquires SoCal-based One West Bank
SDSI: Sports and active lifestyle employment outlook.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

ICSC: December retail sales stronger than expected

By Press Releases
January 04, 2012 6:33 AM

Press Release:

 

A TRIFECTA OF EFFECTS PROVIDE SALES BOOST

Gift Cards, Mild Weather and Federal Holiday Aid in Weekly Increase

 

NEW YORK, January 4, 2012 – Retailers ended December with a sales trifecta as mild weather, an increase in gift card redemptions, and a federal holiday on Monday gave consumers the motivation they needed to shop this past week. As a result, for the week ending December 31, 2011 weekly retail sales once again rose by a strong 1.2 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 rebounded and rose sharply to 5.3 percent—its strongest pace since the week ending July 11, 2010 (+5.5%).

 

"Thanks to an increase in gift-card redemptions, coupled with mild weather across the country and a federal holiday during the post-Christmas period, gave retailers the sales lift for the final sales week of 2010 and of the fiscal month,” said Michael Niemira, ICSC vice president of research and chief economist. "The last few weeks of December helped to lift the full-month performance above our earlier expectation,” added Niemira.

 

For December, ICSC now expects that comparable-store sales will increase by 4.0 to 4.5 percent when retailers report their monthly sales results on Thursday, January 5. 2012. (Previously ICSC had expected a 3.5 to 4 percent gain.)

 

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.

 

 


Articles You Might Have Missed