Search
 

Holiday Warm-up

As we approach the Christmas holiday the normally cheery faces of sales staff in department stores and specialty purveyors of winter woolies, are sobbing over the late-spring like temperatures across most of the nation.

By Anthony LoPinto | Updated on December 22, 2015

As we approach the Christmas holiday the normally cheery faces of sales staff in department stores and specialty purveyors of winter woolies, are sobbing over the late-spring like temperatures across most of the nation. In New York the temperatures are predicted to approach 70 degrees causing most shoppers to pass-up on winter clothing gifts.

Racks and counters of cold weather gear are gathering dust and causing deep discounting when pricing is usually at a premium level. Lower on the anatomy, women’s boots aren’t selling according to the New York Times who reported sales off in NYC by more than 30% during the first two weeks of December. This is going to rock the retailers and create more headaches for mall owners who will see less rent and more “going out of business” reports for specialty retailers.

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.