Report: April Retail Sales Rise 2.1%
Chicago ShopperTrak RCT Corp.’s National Retail Sales Estimate reported that April retail sales rose 2.1% while the company’s Retail Traffic Index (SRTI) reported total U.S. foot traffic increased 5.8% for the same time period.
Although the 2008 calendar shift – which placed Easter in March as opposed to April of 2007 – makes the year-over-year comparison difficult, the report said, post-Easter shopping appeared to drive spending early in the month.
Mother’s Day spending, early graduation shopping and the warmer weather experienced throughout most of the country also fueled consumer spending, helping boost both the April sales and traffic figure.
“Despite a sustained increase in gasoline prices throughout the month, the American consumer continued to visit their favorite retail locations to spend throughout April, which was an encouraging sign for the retail industry,” said Bill Martin, co-founder of ShopperTrak. “Looking forward, retailers will be paying close attention to May and June performance, hoping Memorial Day weekend, Father’s Day and graduation spending help boost monthly performance, ultimately leading to a healthy Q2 in 2008.”
Integrated Silicon Solution names cfo
SAN JOSE, Calif. Integrated Silicon Solution has announced the appointment of John Cobb to the position of cfo and vp of finance and administration effective May 12.
In Cobb’s most recent experience, he held the position of cfo and vp of finance and administration of power integrations, a San Jose, Calif.-based fabless analog semiconductor company, for five years.
Rocky Mountain Chocolate names new vps
DURANGO, Colo. Rocky Mountain Chocolate Factory has announced the appointment of two new officers to its management team. Donna Coupe has been hired as vp of franchise support at the company and Jeremy Kinney has been promoted to vp of finance.
Coupe has over 16 years prior experience with Rocky Mountain Chocolate Factory, during which time she served as retail store manager, field consultant and director of franchisee support.
Kinney has approximately nine years of experience with Rocky Mountain Chocolate Factory and has held a variety of operational and financial positions, including director of retail operations and operations analysis, and corporate controller.