I keep hearing that the economy is getting better...
I've also been wondering how Walnut Creek's retail scene did this holiday season. Don't have any specifics on how Walnut Creek itself did, but here's a report from the Washington Post that says that retailers enjoyed a better-than-expected holiday season "as rising consumer confidence" and last-minute shopping sprees pushed sales higher in December.
The Post cites a report from the International Council of Shopping Centers (ICSC), a trade group that found that, in looking at three dozen of the country's biggest chains, sales at established stores increased an average of 2.8 percent in December from a year ago. And sales for the last two months of the year jumped 1.8 percent, compared with a record 5.6 percent drop in 2008--marking the strongest holiday performance in three years. The ICSC had forecast only a 1 percent increase.
Several retailers with locations in Walnut Creek enjoyed a better-than-expected season. Macy's sales rose 1 percent in December, helped by strong online sales. Nordstrom Inc. is also in this list, with a key sales figure rising 7.4 percent.
Oh, and even though it hasn't come to Walnut Creek yet, Dallas-based retailer Neiman Marcus saw sales rise 4.5 percent in December, says Business Week.