Jewelry sales at malls fall 13% during the second week of the holiday shopping season

In comparison with the same period in 2000, sales at specialty stores in the nation’s malls declined 4.6% for the second full week (Dec. 3 through Dec. 9) of the 2001 holiday shopping season, the International Council of Shopping Centers (ICSC) reports. For the season to date (Nov. 23 through Dec. 9), sales are down 3.2%.

Jewelry sales led declines for the second week of the holiday season with a 13% drop in sales, ICSC reports. Jewelry sales were down 4.5% during the first week of sales (Nov. 23 through Dec. 2), while total sales were down 2.6% for the same period.

Summary of Sales Results for Dec. 3 – Dec. 9, 2001 by category:

· Apparel – 5.7 %
· Food service – 3%
· Footwear – 4.5 %
· Home furnishings and furniture + 1.2 %
· Jewelry -13%
· Music, video, and home entertainment + 7.8 %
· Stationery, cards and books – 5.6 %
· Toys/sporting goods/other – 6.8 %
· Total – 4.6 %

The ICSC weekly holiday report includes sales results from more than 4,000 specialty stores in 80 regional malls across the country. The national sample does not include department stores and other mall “anchors.” DataScape Technology, Inc., a software development company, compiled the sales data exclusively for ICSC.