Sponsors
Billabong ▲ +0.005 | PPR ▼ -7.45 | American Apparel ▼ -0.007 | The Buckle ▼ -0.26 | Columbia ▲ +0.02 | Deckers Outdoor ▼ -2.73 | Dicks ▼ -0.30 | Foot Locker ▼ -0.28 | Genesco ▼ -0.20 | Iconix Brand Group ▼ -0.23 | Jarden Corp ▲ +0.60 | Nordstrom ▼ -0.48 | Luxottica ▼ -0.38 | Nike ▲ +0.28 | Pacific Sunwear ▼ -0.12 | Skullcandy ▼ -0.05 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.41 | Quiksilver ▲ +0.05 | Zumiez ▼ -0.75 | Macys ▼ -0.35 | Tillys ▼ -0.12 |
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 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
Industry Insight

SIA: State of the snow industry videos. TAYLOR DIGITAL: Website tools to increase sales.

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