Holiday store sales chilled |
CNNMoney - Jan 6, 2011 |
Holiday sales lost speed in December after a strong surge in the prior month, with many store chains reporting softer-than-expected monthly results Thursday.
A heavy snowstorm in the Northeast during the crucial post-Christmas sales weekend, combined with deep discounting, surging online sales and shopping fatigue most likely dampened the strong momentum that retailers enjoyed in November.
0Email Print Comment"Retailers' same-store sales numbers are looking a little softer than expected," said Ken Perkins, president of RetailMetrics. "All indications last month showed that malls were crowded and people were shopping. So this is a little puzzling that December won't be a blowout sales month."
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- Posted: 2011-01-06 10:00:36
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