Wednesday, December 18, 2013

Retail Sales, All Quiet

ShopperTrak – the world's largest counter and analyzer of retail shopper traffic – reported GAFO* in-store retail sales for the week of Dec. 9 to Dec. 15 were down 0.8 percent from the same week last year. Retail in-store shopper traffic also fell last week by 19.9 percent compared to the same time period in 2012.

Read more at PR Newswire.

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The good news about the sales number totally busted  is that the airwaves are not chock full of talking heads trying to sugar coat the results.  I do however expect a little stick save from online purchasing and of course then the heads will fall all over themselves concerning that 10% of sales being up greater than expected. 

Update: US Redbook numbers.

WASHINGTON (MNI) - The following is the text of the weekly retail sales report released by Johnson Redbook Tuesday, for the month-to-date through the week-ended December 14:
The Johnson Redbook Retail Sales Index was up 2.9% in the second week of December following a 2.6% gain in the prior week. Month-to-date, December was up 2.8% compared to December of last year (relative to a target of a 3.8% gain). Month-over-month showed a 1.4% drop (relative to a 0.4% drop). December is a five-week month on the retail calendar, ending on January 4, 2014.

Comment:  Nice stick save with that 5 week month!  

4 comments:

Cinco-X said...

RD: ShopperTrak – the world's largest counter and analyzer of retail shopper traffic – reported GAFO* in-store retail sales for the week of Dec. 9 to Dec. 15 were down 0.8 percent from the same week last year. Retail in-store shopper traffic also fell last week by 19.9 percent compared to the same time period in 2012.

Not surprising, given: Recession Leading Indicator?

Rob Dawg said...

I continue to suggest caution. The 6 days one full weekend difference, the "inclement" weather in much of the country, switch to online, etc. It will take longer than usual to sort out the data. It won't be a good sales period but how bad is still in question. Even here in SoCal where the sky does not rule our lives I do not see much in the way of holiday type shopping/buying. Mrs Dawg went to the megamall down the street from where skk lives and walked the entire expanse for exercise not finding a thing worth buying. With three girls 14-24 that's saying a lot. So far my only two buys of any note are a 129Gb USB 3 thumb drive for $47 and an 8x10" pressure sensitive art tablet for $50. There's an Android tablet 4.1/4Gb/1gb/1024x600 for $68 that might make a good media center controller. I'd have bought the first two anyway.

Cinco-X said...

3 hour drive home last night...:(
Would you mind providing more info on that Android tablet? I'm in the market for a media center controller.
Sorry to hear skk is living in a mall...perhaps you can donate an appliance box to him after Xmas...

Rob Dawg said...

http://www.frys.com/product/7944250?site=sa:adpages%20page:P10_WED%20date:121813

Don't bother. No Bluetooth and other shortcomings. The LT Pro might work if the price is right.