Research >> Economics
ICSC Chain Store Sales fell 1.1% in Apr 13 Wk
|
U.S. weekly chain-store sales rose 2 percent year on year for the period that ended on April 13, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs. However, on a week-to-week basis, comparable-store sales fell 1.1 percent after posting gains the past two weeks.
"Sales were mixed by segment over the past week with this week’s unadjusted comparison against the week including Easter 2012,” said Michael Niemira, ICSC's vice president of research and chief economist. “Discounter business seemingly was soft this past week, but apparel-store traffic improved for the week. Most other segments were little changed from the prior week’s pace based on the ICSC-GS consumer tracking survey.”
ICSC Research anticipates that chain-store sales will increase by 2 percent to 3 percent for the month of April. The weekly chain-store sales snapshot is produced by ICSC and Goldman Sachs to measure U.S. nominal same-store, or comparable-store, sales while excluding restaurant and vehicle demand. The weekly sales index is presented on an adjusted basis to account for normal seasonal and other data anomalies.
Posted: April 16, 2013 Tuesday 07:45 AM