Majors

Save E-mail Print Most Popular RSS Reprints

November retail sales see record fall

December 05, 2008

Similar Stories | Topics
The International Council of Shopping Centers has trimmed its November-December holiday sales forecast to flat to down 1 percent.

New York--With the backdrop of the recession and the financial crisis still looming large in the economy, U.S. chain store sales fell a record 2.7 percent in November, compared with the same period last year, according to the latest study from the International Council of Shopping Centers (ICSC).

"The November retail sales environment was an extremely difficult one," ICSC Chief Economist and Director of Research Michael P. Niemira said in a media release. "The main special factor in November was a tough comparison from last year with a calendar-shift drag on year-over-year sales, worth between 1.5 and 2 percentage points."

Looking ahead to December, the ICSC forecasts that industry sales will increase by 1.5 percent for the month.

In addition, the ICSC has trimmed its November-December holiday sales forecast to flat to down 1 percent.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Majors

Zale slapped with shareholder class-action suit

A shareholders' class-action lawsuit has been filed against Zale Corp., its chief executive officer and three former executives, claiming the Irving, Texas-based, 1,931-store chain deliberately deceived investors. Read More

JCOC: 11 percent to purchase jewelry this holiday
Penney's 'Doghouse' lives to bark another season
More Majors

More Like This

Mother's Day, warm weather boost retail sales
May 13, 2009 | National Jeweler Network
March chain-store sales drop 2.1 percent
April 10, 2009 | National Jeweler Network
February chain-store sales drop 0.1 percent
March 06, 2009 | National Jeweler Network
January chain-store sales drop 1.6 percent
February 06, 2009 | National Jeweler Network
Chain-store sales up 1.1 percent
January 22, 2009 | National Jeweler Network
TOPICS
Business | Economic Crisis | Economic Issues | Financial Markets | Marketing | Public Finance | Real Estate | Recessions and Depressions | Sales Forecasting

Design Portfolio

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Sponsored by:

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement