Newspaper article THE JOURNAL RECORD

Thanksgiving Retail Spending Higher Than `96

Newspaper article THE JOURNAL RECORD

Thanksgiving Retail Spending Higher Than `96

Article excerpt

HOUSTON (JR) -- Retail spending by check was up 1.3 percent in Oklahoma for the three-day Thanksgiving weekend compared with the same period last year.

Sales in Oklahoma City were up 1.6 percent and Tulsa was up 1.7 percent, according to a report issued Tuesday by TeleCheck Services of Houston.

For all of November, sales in Oklahoma were down 2 percent compared to November 1996, with Oklahoma City down 0.7 percent and Tulsa down 2.2 percent. U.S. retailer's same-store sales rose only 1 percent for the three-day Thanksgiving weekend as customers took advantage of lower prices in promotional sales, according to TeleCheck. The sales rise for the long weekend, the beginning of the crucial holiday selling season for retailers, was less than the 4.3 percent increase TeleCheck reported for the 1996 Thanksgiving weekend. "Many consumers took advantage of early sales promotions and discounts, which resulted in smaller receipts for retailers," said William Ford, TeleCheck's senior economic adviser. …

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