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MALL SALES UP FOR 1999 HOLIDAY SHOPPING SEASON.

NEW YORK-The 1999 holiday season will be remembered as one of the best in recent memory, as sales at the nation's malls increased 7.7 percent over those of the Thanksgiving-Christmas period of 1998, the International Council of Shopping Centers (ICSC) reported.

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%
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Comment:MALL SALES UP FOR 1999 HOLIDAY SHOPPING SEASON.
Publication:HFN The Weekly Newspaper for the Home Furnishing Network
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 17, 2000
Words:231
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