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Lower Gas Prices Result in Higher December Comp Sales, Experts Say

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Lower gas prices, improved consumer confidence and plenty of promotions helped U.S. retailers see stronger sales in December, adding “holiday cheer.” Of the remaining dozen or so retailers who continue to release monthly sales stats, December comparable store gains are projected to grow 3.8% over December 2013 when comp …

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December Comp Sales Were Up—But at a Price?

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York—Discounts may have helped comparable store sales rise 2.7% in December, but that stronger-than-expected increase often came with a price(s). Namely, lower margins, customers shifting to online shopping and lowered fourth quarter earnings expectations. In its monthly assessment of eight large retailers, Thomson Reuters reported the 2.75 increase in …