Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Christmas week shopping surged

By Blake Ellis, contributing writer


NEW YORK (CNNMoney.com) -- Retail sales surged 8.8% during the week that included Christmas, although foot traffic was down slightly, according to an industry group report issued Wednesday.

Four of the season's top seven days of traffic were during the week ended Dec. 26, sales and traffic tracking firm ShopperTrak reported. The firm based its results on a sample of over 50,000 retail stores and enclosed malls.

The week followed a disappointing Saturday before Christmas, Dec. 19, that saw the major cities in the Northeast socked by a huge snowstorm.

"As expected, pent-up demand following the snowstorm on Super Saturday (Dec. 19) pushed consumers to spend heavily last week," Bill Martin, co-founder of ShopperTrak, said in a statement.

Shoppers bought even more the day after Christmas than they did during the week leading up to the holiday, the report showed.

Spending totaled $7.9 billion on Dec. 26, up from $7.8 billion last year, making it the second best shopping day of the holiday season. Foot traffic climbed 7.7% compared with the previous Saturday, but dropped 6.6% from the same day last year.

"After Christmas, we had some deals out there that were not there before Christmas," said Britt Beemer, chairman of America's Research Group. "A lot of people just didn't get the deals they wanted before Christmas and were waiting for the big 50-75% off deals the day after."

The increases came despite a 1% year-over-year decrease in foot traffic.

Nov. 27, the day after Thanksgiving known as Black Friday, was the best performing day of the season, with sales of $10.7 billion, according to ShopperTrak. Dec. 19, the Saturday before Christmas, ranked third with sales of $6.9 billion. And Dec. 23, a Wednesday, was fourth on the list.

Also making the list of the top seven shopping days of the season were two other days during Christmas week: Monday, Dec. 21, and Tuesday, Dec. 22.

Based on the positive retail sales results last week, ShopperTrak said it's on target to meet its prediction for November and December of a 1.6% rise in sales and 4.2% traffic decline. To top of page

Index Last Change % Change
Dow 16,058.35 -469.68 -2.84%
Nasdaq 4,636.11 -140.40 -2.94%
S&P 500 1,913.85 -58.33 -2.96%
Treasuries 2.17 -0.03 -1.27%
Data as of 12:35am ET
Company Price Change % Change
Bank of America Corp... 15.58 -0.76 -4.65%
Apple Inc 107.72 -5.04 -4.47%
General Electric Co 23.88 -0.94 -3.79%
Ford Motor Co 13.72 -0.15 -1.08%
Microsoft Corp 41.82 -1.70 -3.91%
Data as of Sep 1
Sponsors

Sections

McDonald's has been testing an all-day breakfast menu in several markets for months. Now it has said when the change will go nationwide: October 6. More

Iran could be pumping more than four million barrels of oil a day by the end of 2016, the country's oil minister tells CNN in an exclusive interview. More

How do you run a successful crowdfunding campaign? Indiegogo's CEO Slava Rubin offers his top tips and mistakes to avoid. More

Here's what you need to earn to afford a home in the 27 biggest metro areas in the country, according to HSH.com. More