MALL SALES UP FOR 1999 HOLIDAY SHOPPING SEASON.
The home furnishings category did not perform as well as other consumer goods, increasing by only 2 percent.
"Retailers benefited from the strong stock market, high consumer confidence and low unemployment this holiday season," said John Konarski, senior vice president of research. "This holiday season was one of the most memorable in this decade due to these strong economic fundamentals," added Konarski.
Additionally, according to the National Retail Traffic Index, a product of RCT systems, 1.2 billion people shopped at the nation's enclosed malls this holiday season.
The ICSC holiday report includes revenue from specialty stores in more than 3,600 stores in 70 regional malls across the country. The national sample does not include department stores and other mall "anchors." Datascape Technologies Inc., a software development company, compiled the data exclusively for ICSC.
Mall Sales Increases for the Holiday Season
(Nov. 26 to Dec. 24, 1999), by category
Apparel -- 6.0%
Food Service -- 4.2%
Footwear -- 6.2%
Home furnishings and furniture -- 2.0%
Jewelry -- 11.4%
Music, video and home enternatinment -- 14.8%
Stationery, cards and books -- 2.1%
toys, sporting goods and other -- 2.8%
|Printer friendly Cite/link Email Feedback|
|Comment:||MALL SALES UP FOR 1999 HOLIDAY SHOPPING SEASON.|
|Publication:||HFN The Weekly Newspaper for the Home Furnishing Network|
|Article Type:||Brief Article|
|Date:||Jan 17, 2000|
|Previous Article:||OW GROUP AND MASTERLOOMS SIGN CONTRACT.|
|Next Article:||EXECUTIVE CHANGES AND OTHER NEWS.|