Hopefully avoiding the Wal-Mart trampling from last year's Black Friday (the day after Thanksgiving), an International Council of Shopping Centers (ICSC) & Goldman Sachs survey reports that 16% of Americans will be shopping on the official start of the holiday shopping season. That is up from 10% last year but, still not where retailers would like it to be. The recent survey also said shoppers would spend $533 on presents & $133 on gift cards.
Oglethorpe Mall stores reported being down only around 3% year to year See my previous post . At an ICSC conference I attend, the Chairman projected a 1-2% increase in Holidays sales over last year.
Rex Benton is a Savannah Commercial Real Estate Agent for Mopper-Stapen, Realtors. He can be reached at the downtown office of Mopper-Stapen, Realtors at 912-238-0874 or our website. Office, Industrial, Retail & Investment properties for sale or lease.
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