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/

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

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

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

September 17, 2011 01:02 PM
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Lynn B. Friedman
Realtor - 404.939.2727 ATL BuckheadMidtownWestside
Atlanta Homes ODAT Realty - Serving Clients is our Business - One Day At a Time.

Dear Terry -

I wonder if this statistic is holding up now?

Have a happy day -
Lynn

November 06, 2011 08:22 PM
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Terry Edwards

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