“Parking lots were full in many of the malls we visited, but as told by mall management, the cars were deceiving with respect to sales levels,” Amy Wilcox Noblin, analyst with Pali Research, wrote in an e-mail Tuesday.
Marshal Cohen, chief retail analyst with NPD Group, said his own weekend spot checks indicated that traffic was on par with last year’s levels. “But it was also very evident that purchases were down, both in dollar transactions and the number of bags people were carrying,” he said.
Seems that anaylists noted the same things Piggs did, and in the same ways.
