ShopperTrak: Year-over-year retail sales rise 3.3% for week ending Sept. 18
Chicago Year-over-year GAFO retail sales increased 3.3% for the week ending Sept. 18, while sales were down 10.6% for the previous week ending Sept. 11, according to ShopperTrak’s National Retail Sales Estimate (NRSE).
As ShopperTrak anticipated, GAFO retail sales estimates declined significantly last week as the industry entered the seasonal low period between Labor Day and Columbus Day. Despite the poor week-over-week performance, the retail intelligence firm reports yearly performance has been relatively strong in 2010 with sales increasing 32 of 37 weeks compared with 2009.
“Weekly sales were expectedly slow last week and our historical data indicates this trend will most likely continue for another couple of weeks until Columbus Day sales begin and temperatures in the Northern states decline and drive fall merchandise sales,” said Bill Martin, founder of ShopperTrak.
Developed by 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’s proprietary industry intelligence on shopper movement and sales statistics.
Sears.com gets what’s ‘NEXT’ in fashion
HOFFMAN ESTATES, Ill. – Sears.com announced that it has become the exclusive retailer of NEXT, a popular U.K. fashion retailer, NEXT, the U.K.’s popular fashion retailer that offers beautifully designed and high-quality apparel, shoes and accessories.
"Customers who shop our millions of offerings online, including NEXT apparel, will be able to take advantage of our online shopping experience that is truly focused on the customer and providing them with choice," said Imran Jooma, president e-commerce at Sears Holdings. "At Sears.com, we are always looking to expand and evolve our customer experience while also delivering popular items and on-trend fashions to customers. NEXT gives customers both style and affordability, so they don’t have to choose between the two."
Office Depot launches [email protected] furniture line
BOCA RATON , Fla. – Office Depot announced that it is partnering with Thomasville, one of the nation’s leading furniture brands, to launch its new and exclusive [email protected] Collection. The collection is available online at www.officedepot.com/thomasville and in select Office Depot retail stores.
The line includes two collections — vintage and trek — featuring desks, hutches, filing cabinets, bookcases and storage solutions. Products range in price from $119.99 to $499.99.
“With the challenging economic environment, and more and more people working from home, it’s critical to offer a functional, quality and affordable furniture option, and that’s exactly what Office Depot is doing,” said Lee Pell, SVP merchandising for Office Depot. “Joining with Thomasville has allowed us to offer high-quality furniture pieces at a sensible cost.”