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Late December Holiday Sales Surge

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By Douglas A. McIntyre Published
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Weekly U.S. Retail Chain Store Sales Snapshot provided by Goldman Sachs and ICSC showed that figures for the latter part of the shopping season surged

The report showed

Down to the wire, consumers had a full shopping week ahead of Christmas Day 2011 (since it occurred on a Sunday), which boosted the unadjusted year‐over‐year arithmetic for the week ending on Christmas eve compared with a holiday‐shortened week in 2010. This calendar boost will be reversed in the final week of the fiscal month and adds noise for assessing the raw weekly performance. However, adjusted for that calendar mismatch, the ICSC‐Goldman Sachs (ICSC‐GS) weekly chain store sales index still rose by a solid 0.9% for the week ending December 24 compared with the prior week, providing evidence of a strong two‐week finish to the 2011 holiday season.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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