Malls see large increase in post-Thanksgiving revenueDecember 1, 1996
Web posted at: 9:45 p.m. EST
NEW YORK (CNN) -- Malls across the country reported an average 11 percent increase in sales revenue the day after Thanksgiving, traditionally one of the busiest shopping days of the year, according to the International Council of Shopping Centers (ICSC), an industry trade group.
The ICSC polled 24 malls, and the revenue from more than 1,000 specialty stores in them. The 11 percent increase reported in mall sales does not reflect sales at department or anchor stores.
Industry experts attribute the strong sales day to a strong economy and higher consumer confidence, as well as the fact that there are five less shopping days between Thanksgiving and Christmas this year.
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