REAL ESTATE

Gap to open in Chile

BY CSA STAFF

San Francisco — Continuing its global expansion, Gap announced a franchise agreement to introduce its namesake Gap brand in South America. The first Gap store is expected to open in Santiago, Chile, in the Parque Arauco mall, in September 2011.

Gap has signed a franchise agreement with Komax, for exclusive rights to operate Gap brand stores in Chile. Komax will purchase merchandise from Gap and must adhere to the company’s quality standards.

With the announcement, Gap now has franchise agreements in place for a total of 25 countries on six continents.

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FINANCE

Survey: Black Friday shopping likely to be ‘intense’

BY CSA STAFF

New York City — According to a special national consumer poll commissioned by the International Council of Shopping Centers and Goldman Sachs, 31% of households plan to shop on Black Friday in 2010 compared with 26% in 2009. However, the strongest driver of Black Friday shopping is children, as 43% of households with kids are planning to shop on that day. Additionally, 37% of households reported that they plan to shop on the Saturday or Sunday after Thanksgiving.

“With consumers further behind on their holiday shopping than in recent years, Black Friday shopping will likely be intense this year as consumers shop for bargains to complete their gift lists,” said Michael P. Niemira, chief economist and director of research for ICSC.

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FINANCE

ShopperTrak ups holiday forecast on early traffic

BY CSA STAFF

Chicago — Better-than-expected response to early sales promotions mixed with relatively mild weather throughout the country are already driving holiday traffic to malls and retail outlets have caused ShopperTrak to up its 2010 holiday forecast.

According to the company’s Retail Sales Estimate (NRSE), sales during the upcoming holiday shopping season are now expected to increase 3.2% this year (up from the 2.9% originally anticipated). Meanwhile, ShopperTrak’s Retail Traffic Index is forecasting a 1.0% traffic increase for the same period (a substantial rise from the previously expected 0.1% decline).

In analyzing the top-performing traffic and sales days of the holiday shopping season since 2003, ShopperTrak predicts Black Friday (Nov. 26), Thursday, Dec. 23 and Super Saturday, or the Saturday before Christmas, (Dec. 18) will be the strongest sales days. The company also reports Black Friday will post the strongest daily foot traffic, followed by Super Saturday and Saturday, Dec. 11.

According to ShopperTrak, the 2010 calendar shift could strongly influence season performance this year as Christmas falls on a Saturday, meaning retailers lose a critical selling period late in the season. Conversely, the annually strong day after Christmas now falls on a Sunday, which history suggests will attract bigger sales and more customers than the regular Sunday between Christmas and New Year’s.

“Although retailers are losing a Saturday this year, the day after Christmas provides an enormous selling opportunity and retailers who plan promotions and store operations wisely on this day will undoubtedly have a leg up this season,” said Bill Martin, co-founder of 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 proprietary industry intelligence.

The ShopperTrak Retail Traffic Index measures traffic across five separate retail segments including total U.S. retailing.

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S.Jacquie says:
Apr-08-2013 07:13 am

well yeah i think earn more
well yeah i think earn more money in holidays because in holidays lots of visitors comes their. Rancho Santa Margarita Locksmith

S.Jacquie says:
Apr-08-2013 07:13 am

well yeah i think earn more money in holidays because in holidays lots of visitors comes their. Rancho Santa Margarita Locksmith

B.Hafa says:
Mar-18-2013 07:24 am

Can you predict something
Can you predict something about the Strasbourg Easter mass? I have heard many of my friends talking about this event. I was wondering if you could offer any advice. Thanks.

B.Hafa says:
Mar-18-2013 07:24 am

Can you predict something about the Strasbourg Easter mass? I have heard many of my friends talking about this event. I was wondering if you could offer any advice. Thanks.

M.Johnson says:
Mar-11-2013 11:52 am

What is your prediction on
What is your prediction on food Ireland companies? Will they get more customers for the holiday season? I would really like to hear what you have to say about this.

M.Johnson says:
Mar-11-2013 11:52 am

What is your prediction on food Ireland companies? Will they get more customers for the holiday season? I would really like to hear what you have to say about this.

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