Data’s in: Retailers had best holiday season since 2010

Though sales were uneven across sectors, many saw continued growth

TRD WEEKEND EDITION /
Jan.January 14, 2018 03:00 PM

(Credit: Pixabay)

Despite the ups and downs of retail sales, brick-and-mortar establishments had their best overall year in awhile in 2017.

Results haven’t been this good since 2014, according to the Wall Street Journal, with sales rising for fourth month in a row in December. Of course it’s practically a given that online sales rose more than in-store sales, and some retailers saw dips instead of hills, most notably department stores, but building materials stores saw an increase of 1.2 percent.

“Definitely the consumers are in a good mood. The confidence is up. We’ve seen the labor market has been rather solid,” S&P Global economist Satyam Panday told the Journal. “These are some positives going into 2018.”

In fact, the 2017 holiday season was the most profitable in sales since 2010 according to data collected by the National Retail Federation. [WSJ] — Erin Hudson


Related Articles

arrow_forward_ios

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

10 Madison Square West (Credit: StreetEasy, iStock)

Lawsuit: Pet Smart’s animal excrement is stinking up this $11K-a-month apartment

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

arrow_forward_ios