Login
|
ICSC: Valentine's Can't Sufficiently Sweeten Mixed Retail Prospects Wednesday February 20th, 2013 - 9:38AM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
For the seven days ended February 16, mixed influences still managed to reverse the prior week’s decline in the International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index. Still, despite a Valentine’s Day customer traffic lift at some stores, the pace of retail sales gains continued to weaken and slow to 1.8% versus the comparable 2012 week, ICSC announced. "The retail landscape continues to be uneven by segment and uneven by week in February,” said Michael Niemira, ICSC vp/research and chief economist. "Although Valentine’s Day shopping may have helped some segments of the industry over the past week, higher gasoline prices— and pinched discretionary spending power— higher payroll taxes and the slower pace of federal tax refunds are all weighing on the consumers’ ability to spend,” Niemira added. Given the performance over the past two weeks, ICSC Research has paired its February forecast by 50-100 basis points and anticipates a monthly sales increase of 2.5% to 3.0%, excluding drug stores. Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail |
Orchard Supply Acquisition Boosts Lowe's In California »
Restoration Hardware Taps Sonoma's Harvey, Posts Better Q1
Marimekko Looks To Expand North American Share With New Shop-In-Shop Concepts
Meijer Opening Two New Indiana Supercenters
J.C. Penney Hosts Stewart, Adler And Exclusive Brands At Launch Event
Macy's Brooklyn Store Develops Small-Space Furniture Solutions
Peccia Joins HomeWorld Business As Eastern Advertising Manager
After decades of following consumers to the suburbs, retailers are plotting to get ahead of a growing segment of the population’s return to the cities.
