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Retail industry researcher Britt Beemer added a dash of optimism to what had been a downbeat Christmas retail forecast after a strong performance by Wal-Mart over the Dec. 13–14 weekend.
Beemer, CEO of Charleston, S.C.-based America's Research Group now expects Christmas retail sales to be down 2.8 percent from last year's levels. The forecaster—who publishes a monthly furniture retail index—previously estimated that Christmas sales would be down 3.5 percent.
According to the fifth America's Research Group/UBS Christmas survey, nearly two-thirds of those who shopped over the weekend made trips to Wal-Mart.
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- People:
- Britt Beemer
- Places:
- America
- Charleston, S.C.
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