ShopperTrak Reports Year-Over-Year Retail Sales Rise 0.8 Percent for Week Ending January 16
ShopperTrak Reports Year-Over-Year Retail Sales Rise 0.8 Percent for Week Ending January 16
Week-Over-Week Sales Decline 7.6 Percent
CHICAGO, IL, January 20, 2010 – ShopperTrak’s National Retail Sales Estimate™ (NRSE) today reported that year-over-year GAFO retail sales rose a slight 0.8 percent for the week ending January 16 while sales slipped 7.6 percent versus the previous week ending January 9.
As expected, both yearly and weekly sales levels continued to slow last week following the late 2009 holiday spending rush. While ShopperTrak expects this pattern to continue over the next several weeks, the company believes Martin Luther King, Jr. Holiday provided a slight boost for the week ending January 23 as consumers took advantage of the extra day to shop.
“Many schools, government offices and other businesses were closed for Martin Luther King, Jr. Day which most likely positively impacted weekly retail performance,” said Bill Martin, co-founder of ShopperTrak. “Historically ShopperTrak’s data shows retail spending pauses a bit following the holidays and we believe this trend will continue throughout the rest of the month and up to President’s Day in mid February.” Martin continued: “That being said, our initial Q1 analysis shows sales and traffic levels will fare slightly better than the same three-month period last year, and our full analysis will be released tomorrow (Jan. 21) for review.”
For ShopperTrak’s full holiday 2009 analysis, please visit ShopperTrak’s newly designed Website, www.shoppertrak.com.
Developed by ShopperTrak, the NRSE provides a nationwide benchmark of retail sales. It is derived from the U.S. Commerce Department's GAFO (general merchandise, apparel, furniture, sporting goods, electronics, hobby, books and other related store sales) statistic, as well as ShopperTrak's proprietary industry intelligence on shopper movement and sales statistics. This gives retailers, investors and policy makers the most accurate and timely information on consumer trends available today.
A privately held entity, ShopperTrak leverages 20 years of retail expertise to be the industry's authority for information and analysis of the movement of shoppers in retail environments. ShopperTrak's cutting-edge shopper tracking products and indices offer retail intelligence solutions that enable companies to better understand retail trends and the impact of store and staff performance on company revenues. With more than 50,000 units installed in the world's best known retail outlets and malls, the company's solutions also provide a proven means for retailers to gauge labor efficiencies, advertising and marketing efforts, store design and remodeling programs, merchandise changes, associate training programs, and other budget-intensive strategic initiatives. For more information visit http://www.shoppertrak.com.
EDITOR'S NOTE: The data contained within this news release is the property of ShopperTrak RCT Corporation and may be reprinted, published or broadcast, provided proper credit is given to the National Retail Sales Estimate (NRSE), the ShopperTrak Retail Traffic Index and ShopperTrak RCT Corporation as the supplier of the information. Please contact Aaron Martin at 312-943-9100 if you have any questions concerning the use of this data.
