Connect with us

Headlines

US Retail Sales Were Up in December, But …

mm

Published

on

Not everyone benefited equally.

Overall retail sales were up in December from the same month a year earlier, but not everyone in the sector benefited equally from the gains, according to new figures from the U.S. Commerce Department.

Department stores actually saw their sales drop 7.2 percent compared with the year-ago period, Bloomberg reports. At the same time, online retailers and other non-store businesses saw their sales rise 10.4 percent.

The figures come as large retailers such as Macy’s and Sears have announced store closings.

Amazon.com, meanwhile, said this month that it will create 100,000 jobs across the U.S. during an expansion over the next year-and-a-half, Bloomberg notes.

Still, bricks-and-mortar stores can thrive, as Jim Cramer, host of CNBC’s Mad Money, recently explained. He said the key to success in a mall location is to appeal to high-end customers.

Read more at Bloomberg.

Advertisement

Advertisement

SPONSORED VIDEO

After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.

When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular