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The International Council of Shopping Centers and UBS Securities LLC lowered its forecast for November and December growth to “a tad below” the 2.5 percent it was predicting.
Sales at stores open more than 12 months rose 2.8 percent last week from a year earlier, but the weekend shopping surge failed to salvage the slowest-growing holiday season in five years, writes Bloomberg.
Still, shoppers making last-minute purchases - hoping for steeper discounts - pushed sales up almost 20 percent over the weekend, according to ShopperTrak RCT Corp.
ShoperTrak predicts a 3.6 increase over last year, while the National Retail Federation says sales growth may reach 4 percent, the slowest growth since 2002.
Yesterday, MasterCard Inc.’s consulting unit reported that sales from Nov. 23 to Dec. 24 gained just 3.6 percent, the lowest in at least three years.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
That was 8% higher than its telecast last year, Mediaweek writes. NBC estimated that a total 44.7 million viewers…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
