Advanced Search

Retail Sales -3% in Week Leading Up to Christmas

Drastic Markdowns to Drive Post-Christmas Shopping

Dec 24, 2013 10:04 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... In-store retail sales fell 3.1 percent year on year for the week that ended on December 22 and foot traffic plunged 21.2 percent, according to ShopperTrak.

“Bad weather throughout the country kept some shoppers away from stores,” said Bill Martin, ShopperTrak's founder. “This past week was their final opportunity to complete their holiday shopping before Christmas – and though many did finish making their purchases, retailers did not see as many shoppers as last year.”

ShopperTrak observed that despite  markdowns and promotional efforts, sales slipped 0.7 percent on Super Saturday, which was December 21 and in-store  traffic decreased 18.1 percent. ShopperTrak predicts that post-Christmas markdowns and sales will drive robust retail sales and store traffic in the days to come, particularly on December 26 and 28.  So far this season, retail sales have increased about 2 percent since November 1, according to ShopperTrak, which predicts a 2.4 percent increase for the whole Christmas season. 

“Many people who have the day after Christmas off of work will be out shopping for end-of-season deals,” said Martin. “Retailers should track their stores’ conversion rates closely to turn more after-Christmas browsers into buyers.”

Tags: Christmas season, foot traffic, holiday shopping, Jeff Miller, retailers, shoppertrak, Shopping
Similar Articles
Rapaport TradeWire June 10, 2021
Jun 10, 2021
Industry Retail Mining General Finance June 10, 2021 RAPAPORT MARKET COMMENT Diamond market upbeat
Rapaport TradeWire May 13, 2021
May 13, 2021
Industry Retail Mining General Finance May 13, 2021 RAPAPORT MARKET COMMENT Diamond market restrained
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.