Thursday, December 29, 2011

Holiday sales look strong in year end finish


From Reuters: Retail sales look poised for a solid finish to the holiday season as warm weather and deep discounts encouraged shoppers to hit stores or go online to snap up last-minute gifts, according to data released on Wednesday.

Sales in the week ending December 24 soared 14.8 percent from a year ago to about $44 billion, helped by Christmas Eve falling on a Saturday, according to ShopperTrak, which monitors traffic at shopping malls. Good weather also helped as snowstorms had blanketed some areas at the same time last year.

Sales on December 26, a public holiday this year, soared 25.5 percent to $7.1 billion, ShopperTrak said.

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