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ICSC Chain Store Sales fell 0.4% In Apr 18 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index fell 0.4% in the week ended Saturday from its level a week before on a seasonally adjusted, comparable-store basis. On a year-on-year basis, retailers saw sales fall 0.1% in the latest week.
"After three consecutive weekly sales increases, consumers took a pause in the latest week with discounters and specialty stores, such as books and jewelry, which were particularly weaker," said Michael P. Niemira, ICSC chief economist.
Posted: April 21, 2009 Tuesday 07:45 AM