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CHICAGO—The 2016 holiday retail sales season kicked off with healthy sales of apparel and strong traffic on Black Friday, according to Chicago-based Starwood Retail Partners in its first “Holiday Report,” its weekly update on sales and traffic figures throughout its 30-center portfolio.

The initial numbers appear to justify the optimism felt by many retailers in the run up to the holidays. A number of apparel retailers reported strong gains in stores around Starwood's portfolio, especially on Black Friday, as did cosmetics. Warm weather in the Central and East regions slowed outerwear sales, company officials say, but footwear was selling well at many department stores. Jewelry sales were mixed throughout the portfolio, with some tenants reporting double-digit declines from Thursday through late Saturday, while others reported equally large gains.

“With the stock market at record high levels and unemployment now under 5%, consumer confidence has returned, and shoppers are back in the stores,” says Scott Wolstein, chief executive officer of Starwood Retail Partners. “However, they do remain focused on finding value, with promotions particularly successful.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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