Friday, January 23, 2015

National News

According to the National Retail Federation US holiday sales rose 4% from last year, the biggest increase since 2011, amid signs of a consumer-spending slowdown in December. The NRF had forecast Holiday spending growth to rise by 4.1% in the period, which spans November and December. Still, the increase was well above the previous year’s 3.1% gain and the 10-year average of 2.9%, the NRF said. Among retailers reporting monthly comp-store sales, L Brands was up 4.0%, Gap was up 1.0%, Rite Aid was up 5.3%, Walgreen’s rose 2.6%, and Costco gained 3.0%. See our sales report below. NOTE: The ICSC no longer publishes its monthly retail sales trend report. 

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