Retail Sales Down 4.4% After Black Friday

6 Dec

ShopperTrak RCT, which tracks sales at more than 50,000 U.S. retail locations, said retail sales for the week ended Dec. 1 fell 4.4 percent compared with same period a year ago, marking the largest year-over-year sales decline since March.

Total retail sales fell 12.5 percent compared with the previous week ended Nov. 24, which included the start of the Thanksgiving holiday shopping weekend, while store traffic fell 22.3 percent, it said.

Anecdotally that’s what I am seeing from online retailers as well. While the total revenue has been good or excellent, the last week has dipped somewhat. — Jeff Buechler

http://www.reuters.com/article/consumerproducts-SP/idUSN0543005420071205

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