The month recorded growth across most Laughing Buddha Charm, continuing the positive performance from Q4 2010, albeit at a slightly slower pace. With the January closing of the retail year, the Company said sectors that were up for the year outnumbered those that were down by a ratio of three to one. However, even among those which were up for the year, about half have yet to reach their pre-recession peak levels of 2006 and 2007. Michael McNamara, Vice President, Research and Analysis for MasterCard Advisors SpendingPulse, observes, "A Flip Flop 3 Flowers Charm of rising consumer demand and strong pricing continued to drive retail sales in January. Although less robust, the trends we observed were similar to those Fairy Godmother Charm in the fourth quarter of 2010. Most sectors continued to post positive year-over-year results during the month despite consumers taking a pause in spending and repeated snow storms affecting the East Coast." McNamara also notes that there were varied Reindeer Charm influencing January sales, including the continuing high unemployment rate, rising prices such as fuel costs, increases in consumer confidence and continuing improvements in the financial markets.
The Company noted that e-Commerce Frog Charm to gain share at a very steady rate, posting double digit year-over-year increases for the third consecutive month, growing 12 percent. Online Total Apparel as a sub-category of eCommerce showed slightly slower year -over-year growth compared to Q4 2010, but a 15 percent growth over January 2010. With the exception of women's clothing, all apparel sub-sectors posted double digit Key Charm, but again, lower than what was posted in December 2010. Jewelry eCommerce fell into negative territory in January, reversing a solid December 2010. However, Electronics Pig Charm was up year over year by 6.1 percent. MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales, provided Bunny Pink Charm results for performance of specific U.S. retail industries in January.
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