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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (17193)	11/30/2004 1:11:41 PM
From: mishedlo	Read Replies (1) of 116555

Shopping Center Group Cuts Sales Forecast Tuesday November 30, 12:16 pm ET Leading Shopping Center Group Cuts Sales Forecast, Sign That Retailers Started Holiday Season Modestly NEW YORK (AP) -- The leading shopping center organization trimmed its sales forecast for November as it released figures Tuesday that confirmed that a strong shopping surge on Friday fizzled dramatically as the first weekend of the holiday shopping season wore on. The International Council of Shopping Centers said sales at stores open at least a year will be up anywhere from 2.5 percent to 3.0 percent for the month, versus the original forecast of 3 percent to 4 percent. Meanwhile, ShopperTrak, which tallies sales results from 30,000 outlets, reported Tuesday that sales rose a modest 2.9 percent for the three-day weekend, from a year ago. That was down from the robust 10.8 percent increase stores enjoyed on Friday. Message 20812738

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