Weekly Chain-Store Sales Fall As Retailers Push Up Holiday Sales -Goldman Sachs/Retail Economist
December 06 2016 - 8:15AM
Dow Jones News
By Austen Hufford
Chain-store sales fell in the latest week from the previous week
as retailers tried to push holiday sales earlier in November with
promotions during Thanksgiving Day week.
In all, chain-store sales fell 6.1% for the week ended Saturday
from the previous week on a seasonally adjusted, comparable-store
basis, according to data compiled by Goldman Sachs and Retail
Economist LLC.
The earlier sales and promotions explains the dropoff, according
to Michael Niemira, chief economist of Retail Economist.
Still, he noted that Christmas and Hanukkah overlap this year,
potentially boosting holiday-gift shopping ahead of Dec. 25.
Year-to-year, sales increased 1.8%.
Write to Austen Hufford austen.hufford@wsj.com.
(END) Dow Jones Newswires
December 06, 2016 08:00 ET (13:00 GMT)
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