Over the Thursday-Sunday Black “Weekend”, Shoppertrak reports that traffic fell a notable 4% from last year with sales up a measly 1% – very much in line with our expectations of a weak holiday spending season. Total in-store shopper traffic increased by 9.4% in the apparel sector, while traffic in the electronics sector decreased by 6.5% for that same time period. Regionally, traffic fell the most in the Northeast (-9.8%) and the Midwest saw the largest drop in sales (-2.9%) with only the West increasing notably (+5.5%).
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/bVe2Kk43Fl0/story01.htm Tyler Durden