It was a very green Christmas

New York - Snow may have buried some of the post-Christmas business in the Northeast and new numbers show consumer confidence is off, but you would never know it from the holiday retail numbers that are coming out today.
Reports from the International Council of Shopping Centers and Goldman Sachs, MasterCard and Johnson Redbook paint a very merry picture for retail business this holiday selling season, all falling in the range of 3.6 to 5.5 percent. If these numbers stand up to the inevitable revisions that seem to occur all the time, they would be among the strongest gains retailers have seen in a long, long time.
MasterCard Advisors Spending Pulse was the most bullish on the season, showing a 5.5 percent gain in the 50 days before Christmas. In breaking out specific categories, MasterCard said even home furnishings showed a slight gain, though nowhere near the 11.2 spike apparel spending got.
The ICSC-Goldman survey pegged a surge of 4.8 percent in the last week before Christmas which they projected should take December same store sales up 3.5 percent and the two-month tally to 4 percent, "the strongest since at least 2006."
Johnson was the most conservative, but even it showed a 4.6 percent jump for the final week before Christmas, contributing to a year-over-year gain for December of 3.6 percent.
No matter who was doing the counting, virtually every report this week beats the forecasts made earlier in the season.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!