Retailers report strong January sales
- Photos (1)
Major retailers are reporting strong sales in January as shoppers went back to the stores after the winter holidays to take advantage of clearance sales.
NEW YORK -- Major retailers including Macy's and Limited Brands are reporting strong sales in January as shoppers went back to the stores after the winter holidays to take advantage of clearance sales.
Twenty retailers reported on Thursday that revenue at stores opened at least a year -- an indication of a store's health -- rose an average of 5.1 percent, according to the International Council of Shopping Centers.
That's above the mall trade group's 3 percent estimate and marks the highest reading since August 2012 when it rose 6 percent.
The worry, however, is whether shoppers, particularly budget-conscious consumers, will keep spending as they deal with rising gas prices and a payroll tax hike that took effect last month.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close