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NV 375

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About NV 375

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    Stock Proctology Intern
  1. Makin' sure that retail sales number is heard everywhere. Talked with a relative and a friend this weekend who work in management, one with a big box generic retailer, the other a brand name clothing manufacturer. Both have over a decade in retail. Both lamented that the discounts being offered already, rivaled what would normally occur the last few days before christmas. Odd how that wasn't mentioned. From Bigcharts, SUNDAY, DECEMBER 1, 2002 1:03PM Post-Thanksgiving weekend sales up 10.9% from last year by Allen Wan U.S. retail sales for the Friday and Saturday following Thanksgiving jumped 10.9 percent from last year's levels, ShopperTrak RCT's National Retail Sales Estimate (NRSE) reported. After a 12.3 percent year-on-year gain on Friday, sales jumped another 9 percent on Saturday, it said, adding that the two-day average sales growth more than doubled the year-to-date trend of 5 percent. According to the NRSE, the two-day total level of sales (at a daily rate) was $12.6 billion vs. $11.4 billion spent on those two post-Thanksgiving days in 2001. On Saturday, sales were the strongest in both the South and Midwest, up 10 percent, followed by the West, up 9 percent. The Northeast trailed with 6-percent sales growth. "The 2002 holiday season got off to a good start, which should lift retail industry confidence," said Michael Niemira, lead consultant for the NRSE. "Nevertheless, most of the season is still ahead, and the industry will have its work cut out to continue to build upon this strong start," Niemira added.

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