Tags: US | Holiday | Shopping

Snowstorm Took Toll On Holiday Sales

Tuesday, 22 Dec 2009 10:21 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

An important measure of retail sales confirmed Tuesday that the last Saturday before Christmas was a disappointment as a snowstorm that slammed the Northeast stymied shoppers during a week crucial to retailers.

That means retailers are counting even more on a spending surge in the final days before Christmas.

The International Council of Shopping Centers-Goldman Sachs index reported that for the week ended Saturday, sales rose just 0.6 percent compared with the previous week.
Special: Get Sarah Palin’s New Book – Incredible FREE Offer -- Click Here Now.
 

Compared with the same period last year, the index rose 0.4 percent. A week earlier, that figure was up 2.4 percent.

The measurement is based on sales at stores open at least a year, considered a key indicator of retailer's health.

The last Saturday before Christmas is usually either the biggest or second-biggest shopping day of the year.

Figures from research firm ShopperTrak, which tracks sales and traffic at more than 50,000 outlets, are slated to be released Tuesday afternoon.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Actor Booth Colman Dies at 91

Sunday, 21 Dec 2014 21:30 PM

Booth Colman, who had a long career as an actor including the role of ape scientist Dr. Zaius in the 1970s "Planet of th . . .

FSU Quarterback Jameis Winston Cleared in Campus Rape Hearing

Sunday, 21 Dec 2014 19:12 PM

Florida State University star quarterback Jameis Winston has been cleared in a student conduct code hearing looking into . . .

Satanic Temple Puts up Display at Michigan Capitol

Sunday, 21 Dec 2014 18:42 PM

Christians and Satanists put up competing displays Sunday on the Michigan Capitol grounds in Lansing as Christmas week g . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved