By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index fell a sizable 3.3
points in the Dec. 3 period to 56.5, still over 50 to indicate growth in
year-on-year business conditions, according to the results of Market
News International’s weekly survey released Monday.
Chains in this sample are holding to guidance following the Black
Friday weekend, guidance that calls for an extension of steady
year-on-year sales rates through the holidays.
Total sales are a year-on-year +4.5%, unchanged from the prior
period, while same-store sales fell four tenths to +2.6%.
When adjusted for a monthly reading, MNI’s data point to no change
for the November retail sales headline. Ex-auto is indicated at -0.1%
with ex-auto ex-gas at -0.6%.
Year-on-year income for MNI’s sample is +8%, the best reading since
July and one that hints at less discounting. Sample size in the period
is 209 chains making up 163,100 separate retail locations.
Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.
** Market News International New York Newsroom: 212-669-6430 **
[TOPICS: MDURE$,MT$$$$,M$U$$$,M$UEQ$,MAUDS$]
