Search
 

Retailers Looks Forward to Cheery Holiday Sales

LOS ANGELES-Halloween's barely over, but Southland retailers are already looking forward to what promises to be another strong season for holiday sales and a merry Christmas for owners of local shopping centers.

By David W. Myers & Erin Cassin | Updated on November 02, 2000

LOS ANGELES-Halloween’s barely over, but Southland retailers are already looking forward to what promises to be another strong season for holiday sales, and a Merry Christmas for owners of local shopping centers.

A new survey by consultants Deloitte & Touche LLP, in affiliation with the National Retail Federation, says 77% of Angelenos expect to spend as much or more on holiday gift-giving this year as they did in 1999. Nationwide, the figure is an even stronger 80%.

The bullish forecast of yuletide joy for consumers and retailers alike results from several factors, says Richard Giss, a partner in the Consumer Business Practice Group of Deloitte & Touche’s LA office. “Consumers nationally and in Southern California have a fairly positive outlook, reflecting a solid economy, a very strong job market, rising housing prices and low inflation,” Giss says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.