Wednesday, December 21, 2016
Shoppers increased retail spending just slightly in November, a possible sign of a lackluster holiday season. Retail sales rose only 0.1% in November, after a downwardly-revised 0.6% growth in October, the Commerce Department announced. Consumers bumped up purchases at restaurants and home furnishers, but also trimmed spending at auto dealers and department stores. Online and mail-order retailers posted a lukewarm 0.1% gain, compared to a robust 11.5% increase so far this year. Clothing sales were flat in November.Among retailers still reporting monthly same-store sales, L Brands was up 1.0%, Gap was down 1.0%, and Costco was up 1.0%. See our sales reports on Page 4... GNC Holdings is changing its pricing structure and marketing, and adding tech enhancements to its store environment. The company announced that all corporate stores will close on Dec. 28 and reopen on Dec. 29, when GNC will offer customers a “dramatically improved experience. ” The new initiative will launch in all 4,464 US owned and franchised locations.