The ICSC Blog

December US Store Sales Post 3.1% Gain–Holiday Sales Up 4%; Strongest Since 2006

Based on ICSC’s preliminary tally of 32 retail chains, same-store sales rose by 3.1% in December (lower than the expecation of 3.5%), but missed the media “hype” about how strong the month has been. The month’s performance was good, but uneven with apparel specialty stores feeling more promotional pressures and some indicated weather issues that cut into their sales. Apparel chains posted a meager 0.8% rise in December and discounters only slightly outperformed them with a 0.9% rise. The strong segements were department stores (+4.6%)–luxury, in particular, at 8.1%–and wholesale clubs (up 3.7% less fuel).

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