Holiday Chain-Store Sales Projected for 3.4 Percent Rise, Says ICSC
October 1, 2013,
NEW YORK-The International Council of Shopping Centers (ICSC) has forecast an increase of 3.4 percent in U.S. chain-store sales for the upcoming holiday season.
Michael Niemira, ICSC vice president of research and chief economist, said retailers are poised to have a better holiday season this year than last year, in spite of consumers' "subdued spending mood. With leaner inventories, retailers can expect their prices and margins to remain stable, which is another good indicator of stronger sales."
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.