Wednesday, December 29, 2010

Retail Sales Distortions

Retail sales fell 4.1 percent in the week ending on Christmas Day, according to research firm ShopperTrak, largely because December 26 fell on a Sunday this year and was not included in Christmas week sales, reports Reuters. The day after Christmas is becoming a big sales day.

The distortions will continue this week becasue of the bad weather on the East Coast. Nevertheless, ShopperTrak said it still expects sales for the November and December holiday period to be up 4 percent compared with a year earlier.

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