Mall Group Predicts Holiday Spending Up 3 Percent

By
Real Estate Agent with Russell & Jeffcoat Real Estate Corp.

  The Council of Shopping Centers released a statement yesterday that they predict holiday spending to increase 3 percent over last year.  This trade group which represents shopping malls said Friday that 'November-December spending should top $250 billion, the highest since the 2007' peak.  This prediction does not include sales at grocery stores, restaurants or gas stations but sales should certainly improve with these businesses also.

  A 3% increase in spending will be major news for the remaining retailers because after all the store closings of the past 2 years they should each grab a larger portion.  If the 3% increase materializes some stores could see 5 to 7% year over year growth.  This is how economic recoveries begin.

Terry Edwards     New & Existing Home Sales

tedwards@sc.rr.com     803 920 5327

http://www.russellandjeffcoat.com/

Topic:
ActiveRain Community
Groups:
Active Rain Block Party
Almost Anything Goes
BananaTude
Realtors®
The Art Of Marketing You
Tags:
holiday spending
shopping centers
shopping malls
terry edwards
new existing home sales

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Ambassador
1,109,777
Michelle Carr-Crowe-Selling Silicon Valley Homes in Top Schools San Jose, Cupertino, Saratoga, Palo Alto-Just Call 408-252-8900
Just Call 408-252-8900 Lynbrook Homes Cupertino KW - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

This sounds like encouraging news for retail and the rest of the economy.

September 17, 2011 04:38 AM #1
Rainmaker
477,913
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Michigan

My question as they're shopping are they making sure the other bills are paid as well.

September 17, 2011 01:02 PM #2
Ambassador
513,456
Lynn B. Friedman
- - - Concierge Real Estate Services for YOU - - - Providing SERVICE for Sellers & Buyers is our BUSINESS - Atlanta, GA
REALTOR ATL BuckheadMidtownWestside 404.939.2727

Dear Terry -

I wonder if this statistic is holding up now?

Have a happy day -
Lynn

November 06, 2011 08:22 PM #3
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
110,970

Terry Edwards

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information