Redbook average gets boost in final week of December
January 9, 2002,
New York — Getting a last-minute lift from heavy post-holiday promotions, same-store retail sales moved up by 1.8 percent during the fifth and final week of December, according to the widely watched Redbook Retail Sales Average. But it wasn't enough to save the month, and sales for all of December edged up just 0.1 percent, finishing off a brutally punishing year for many American retailers.
In what many are calling the worst holiday season in a decade, the 0.1 percent increase represents a steadily worsening performance from a moderate 2.1 percent increase recorded a year ago, and an even bigger drop from the 4.5 percent increase posted in December 1999. Even so, December turned out somewhat better than expected, against a targeted drop of 1.2 percent.
Related Content By Author
1200 Suppliers are Ready for You at Intertextile Shanghai
Home & Textiles Today eDaily
Most Viewed Articles
See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.