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December 11, 2007
Blacks Survey: Holiday Sales Start To Slow
Although retailers had a bright start to the holiday shopping season in the week following Thanksgiving, last week’s sales lagged. Blacks survey of specialty retailers showed menswear slipping 6.1% and women’s wear dropping 6.6% compared with the same period last year.
Retailers reported slower traffic, but the shoppers who were out gravitated toward luxury-priced items.
The good news for retailers is that there’s an extra shopping day in the weekend before Christmas this year, since the holiday falls on a Tuesday. We’re expecting sales to pick up again as we get closer to Christmas.
Posted by Blacks on December 11, 2007 09:58 AM
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