International Council Of Shopping Centers News
Holiday Sales Forecasts: Black Magic or Science?
The nation's retailers, anticipating what forecasters believe will be a lackluster holiday shopping season, are launching big sales promotions earlier than ever before. But how accurate are forecasters' predictions? A lot is riding on the accuracy of the predictions economists make about how much
Gift Cards, Returns Combine for 2nd-Busiest Shopping Day
Morning Money Memo: Let’s call it “Bringback Friday.” Retailers are expecting the second busiest shopping day of the year today, as stores prepare for an onslaught of post-Christmas shoppers preparing to buy or return their gifts from Santa. Millions of less-than-satisfied gift receivers will ...
Time Warner Cable Counts the Cost of CBS Dispute
Morning Money Memo… Time Warner Cable is licking its wounds after the dispute with CBS that resulted in a month-long blackout of several channels. The cable company reports a reduction of more than 300,000 TV subscribers in the 3rd quarter – its biggest loss of...
Wall Street Stocks Hit Record Highs
Morning Business Memo: The stock market today opens at fresh highs seven weeks after the averages began falling with worries about whether the Fed would end its policy of bond buying stimulus and ultra-low interest rates. With Thursday’s gain of nearly 1.5 percent, the S&P...
Disappointing Holiday Sales May Spell Deep Discounts
Are you heading back to the mall with post-Christmas returns? The holiday shopping season was disappointing for many retailers, and that could mean deeper than expected discounts at some stores. Retail industry analyst Marshal Cohen says merchants are stuck with inventory they need to clear...
Retailers in Saturday Holiday Shopping Shift
Attention holiday shoppers! Your favorite retailer may have shuffled the calendar. Last- minute gift buyers can usually count on a final round of discounts and promotions the last Saturday before Christmas. Not this year. “Super Saturday,” as retailers call it, falls on December 24 –...
Retailers count on gift cards to shore up their January sales
Gift card redemption is expected to be a key driver of retail sales this month, a welcome relief to stores after signs consumers were tightening their belts post-holiday. But there's conflicting evidence on whether increased gift card sales before the holidays will be the boon retailers hope. The
Holiday sales rise, but less than hoped
The 2010 holiday retail season may be the best since 2006, but December sales, out Thursday, were not quite the gift stores were hoping for. The International Council of Shopping Centers says sales for the holiday season — November and December combined — were up 3.8%, the best showing in four
Holiday season is looking up for L.L. Bean, other retailers
It's beginning to look a lot like a Merry Christmas after all for retailers. Sales projections are increasing nearly every week as even shoppers who said they were finished hit malls this week. Now stores are starting to say they expect the 2011 holiday season to be even better. After lackluster