Consumers: No Peeps this year, thanks
March 25th, 2008, 3:56 pm · Post a Comment · posted by David Woodfill
Shoppers apparently weren’t in the holiday spirit this Easter.
Weekly chain store sales decreased .4 percent during the run-up to the Easter holiday, according to a report by the International Council of Shopping Centers on Tuesday.
Year-over-year sales increased, but at a slower clip of 1 percent than retailers were hoping.
The trade groups officials reported mixed results for stores with stronger customer traffic, and soft demand for apparel and spring merchandise “in part, due to the cool weather this year and a result of the historically early Easter combined with high economic anxiety and a penny-pinching mentality by consumers,” said Michael P. Niemira, ICSC’s chief economist in a press release.
