Research >> Economics
ICSC Chain Store Sales up 0.2% in Apr 17 Wk
Retail sales rose for the fifth consecutive week despite facing a post-Easter seasonal drag. Overall sales improved by 0.2% on a weekly basis according to the ICSC-Goldman Sachs weekly sales index for the period ending April 17. On a year-over-year basis sales remained strong (+4.6%).
"Helped by seasonably-warm temperatures for the week, customer traffic especially at department and apparel-specialty storesimproved over the same week of the prior year," said Michael Niemira, ICSC director of research and chief economist. "However, with about 4-5 percentage points of March's monthly sales lift due to the Easter calendar shift, the April 'echo' will depress store sales somewhat. As a result ICSC Research continues to expect that April sales will be flat to down 3%," Niemira added.
Posted: April 20, 2010 Tuesday 07:45 AM