387
Fashion Jobs
SSC PERFUMES & COSMETICS
[Lvmh Beauty] Internal Controller
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
PARFUMS CHRISTIAN DIOR
Product Marketing Coordinator - Make up
Permanent · SEOUL
SSC PERFUMES & COSMETICS
E-Commerce Coordinator, Make up For Ever
Permanent ·
MOËT HENNESSY ASIA PACIFIC
Marketing Manager
Permanent · SEOUL
LORO PIANA
Vic & Client Engagement Manager
Permanent · SEOUL
LORO PIANA
Logistics Specialist
Permanent · SEOUL
LOUIS VUITTON MALLETIER
Event Manager
Permanent · SEOUL
LOUIS VUITTON MALLETIER
Store Projects Manager
Permanent · SEOUL
PARFUMS CHRISTIAN DIOR
Special Project & PR Manager
Permanent · SEOUL
HENKEL
Consumer Brands Ecommerce Key Account Manager
Permanent ·
HENKEL
Consumer Brands R&D Graduate 1year Program - Regulatory Affairs
Permanent ·
HENKEL
Regional Product Manager Apac in Korea
Permanent · INCHEON
AESOP
Duty Free Operations Coordinator
Permanent · SEOUL
AESOP
Retail Business Manager
Permanent · SEOUL
AESOP
Retail Business Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] E-Key Account Manager - Sales Online, Consumer Products Division
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Finance Controller - Professional Products Division
Permanent · SEOUL
AESOP
The Hyundai Seoul - Retail Consultant
Permanent ·
AESOP
Aesop Busan - Retail Consultant
Permanent · BUSAN
ADIDAS
Manager, bu - Sportswear App & Kids, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, Digital Account Management, Wholesale
Permanent · SEOUL
By
Reuters
Published
Sep 28, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

US 2009 holiday sales seen up 1-2%

By
Reuters
Published
Sep 28, 2009

SAN FRANCISCO, Sept 27 (Reuters) - The 2009 U.S. holiday season is likely to be "a lot better" than last year, with sales rising about 1 percent to 2 percent, according to research from the International Council of Shopping Centers.



The forecast, which came in a report posted on the group's website, includes some of the most bullish comments yet on the prospects for the upcoming holiday season.

"One might imagine that it would take a miracle on 34th Street -- and Main Street -- for retailers to have a successful 2009 holiday season," the ICSC stated in its report. "However, that outcome -- even without a miracle -- is not far fetched."

Retailers will experience their first non-recession holiday season in three years, and the "wear and tear" of the recession on the consumer psyche is giving way to renewed hope, optimism and possibly gift buying, the group stated.

In providing its forecast, the ICSC said that holiday sales "in its many forms" -- either same-store sales or total sales -- could rise by about 1 percent to 2 percent.

The ICSC expects same-store sales, or sales at stores open at least a year, for the "traditional" holiday shopping season of November and December to rise 1 percent. Same-store sales for the "new" holiday season of November though January are expected to rise 1.5 percent, it said.

A year ago, the ICSC said same-store sales in November and December fell 5.8 percent, while they dropped 5.4 percent for the November though January time frame.

The weekend after the Thanksgiving holiday, which marks the start of the U.S. holiday shopping rush, is still two months away, but early estimates for holiday sales have been trickling in.

While the forecasts often use different metrics to estimate holiday sales, many of the forecasts have called for sales to be flat to down compared with last year's depressed level, with the possibility of a 1 percent rise at most.

U.S. consumers are struggling amid rising unemployment and a lack of access to credit, while retailers have slashed inventory and lowered prices. For details,

But the ICSC said that lean inventories and an improving economy represent "a favorable combination for retailers that 'price right' for this environment."

While it noted its 2009 forecast is not strong, "it is likely to be much better than in 2008 and signal better times ahead for 2010."

© Thomson Reuters 2024 All rights reserved.

Tags :
Retail