By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index edged two tenths
higher in the Nov. 26 period to 59.8, well over 50 to indicate solid
growth in year-on-year business conditions, according to the results of
Market News International’s weekly survey released Monday.
Total sales are a year-on-year +4.5%, up one tenth in the week.
Same-store sales, for the fifth straight week, are at +3.0%.
Bargain hunting made, by many anecdotal accounts, for a very
positive Black Friday weekend. Uncertain is whether chains will raise
guidance which has been very steady and which points to an extension of
current sales rates through the holidays.
When adjusted for a monthly reading, MNI’s data point to a -0.5%
headline for the government’s November retail sales report.
Year-on-year income for MNI’s sample is a thin +5%, a rate pointing
to heavy discounting. Sample size in the period is 219 chains making up
190,500 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 **
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