Research >> Economics
ICSC Chain Store Sales decreased by 1.8% in Nov 29 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 2.8% for the week ending November 29 - relative to the prior year. On a week-over-week basis, sales decreased by 1.8%.
"Early Black Friday promotions the previous week contributed to the sequential week to week decline," said Michael Niemira, ICSC research consultant. "Consumers actually reported being considerably behind on their shopping compared to the same week last year - which bodes well for December sales as consumers will play catch-up," he added.
Posted: December 2, 2014 Tuesday 07:45 AM