Retail

RETAIL: See-saw sales patterns define 2012

The Times Board of Ecomists: Economic update from Joshua Halpern, president, Albert's Diamond Jewelers
2013-01-27T00:00:00Z 2013-12-18T16:23:30Z RETAIL: See-saw sales patterns define 2012Bowdeya Tweh bowdeya.tweh@nwi.com, (219) 933-3316 nwitimes.com
January 27, 2013 12:00 am  • 

Retail performance during the 2012 holiday shopping season was largely disappointing because of expectations formed based on sales early in the year, Joshua Halpern said.

Halpern said sales in the first seven months of the year were strong. At Albert's Diamond Jewelers, similar to other retailers, the national conversations about elections helped reduce the sales pace for a few months. But by the time the elections were over, expectations were high for what the retail season could be.

"The election hit (and) we saw a really a big boost in November thinking that we were going to have a wonderful holiday season," Halpern said. "And this fiscal cliff, the politicians and the media, everybody's talking about the fiscal cliff. It really put a damper on holiday shopping. People were uncertain about that."

He said foot traffic in stores were up in December, however, although the average amount of goods purchased was down.

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

activate-button-3
Follow The Times

Latest Local Offers

Featured Businesses

In This Issue

Professionals on the Move Banner
Get weekly ads via e-mail

Poll

Loading…

Do you think the Lake County Solid Waste Management District should pay its new director less than its former director?

View Results