Research >> Economics
ICSC Chain Store Sales up 1.4% in Feb 6 Wk
The International Council of Shopping Centers (ICSC) reported that chain store sales were a mixed bag for the week ending Feb 6th, as sales increased 1.4% week-over-week and rose 1.8% from the year-ago period. The one-week later shift in the calendar for the Super Bowl (February 7, 2010 vs. Feburary 1, 2009) and the blizzard threat (that materialized) from the Ohio Valley through the Middle Atlantic helped lift consumer spending on groceries for the week (the "stock-up effect"), but winter clearance merchandise was limited and with some 61% of the nation snow covered over the last week consumer shopping was hindered by the adverse travel conditions.
Posted: February 9, 2010 Tuesday 07:45 AM