Report: Retail Sales Rise 4.5% for 2007 Holiday Season
Chicago Research group ShopperTrak reported that retail sales for the November-December 2007 holiday season increased a better-than-expected 4.5% compared to last year.
“The holiday 2007 retail sales performance overwhelmingly proves the U.S. consumer is resilient,” noted Bill Martin, co-founder of ShopperTrak. “Based on stagnant traffic and various economic concerns, retailers were understandably a bit nervous heading into the season, but the strength of Black Friday weekend added to the shopping surge experienced on Super Saturday helped sales exceed our expectations.”
According to the report, Black Friday once again led the way as the top sales day, with $10.3 billion spent, followed closely by Dec. 22, the Saturday before Christmas, with a $9.36 billion performance.
Individually, monthly sales for December vs. 2006 rose 3.5% while November increased a steady 6%, according to the report.
U.S. foot traffic for the 2007 holiday season slipped 2.7% as compared to 2006, according to ShopperTrak. On a monthly basis, December traffic fell 4.7% while November posted a 5.8% rise as compared to the same period in 2006.
Eugster to head Baker & Taylor
CHARLOTTE, N.C. Jack Eugster, former non-executive chairman of Shopko stores and Musicland Stores ceo has been appointed chairman of book and entertainment distributor Baker & Taylor. He replaces Richard Willis who announced his retirement last week.
Eugster was chairman, ceo and president of Musicland Stores from 1980 until his retirement in 2001. From 2001 to 2005 he was the non-executive chairman of Shopko Stores.
Kirkland’s coo resigns
JACKSON, Tenn. Catherine David has resigned as president and coo of Kirkland’s.
Robert Alderson, ceo of Kirkland’s will take on David’s responsibilities. Kirkland’s said it does not currently intend to seek a replacement.
David was named president and coo of Kirkland’s in March 2006. Prior to joining the company she served as senior vp and gm of Sears Essentials, Sears Grand and The Great Indoors. She resigned from Sears in fall 2005.