Research >> Economics
ICSC Chain Store Sales decreased by 1.3% in Aug 16 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 3.8% for the week ending August 16 - relative to the prior year. On a weekly basis, sales decreased 1.3% compared to the previous week.
"According to the ICSC-GS consumer tracking survey business was very strong over the past week for back-to-school categories - especially electronics and apparel," said Michael Niemira, ICSC research consultant. "Business was also strong for department, drug, discount, wholesale, and furniture stores. Looking ahead, I expect sales for August to show a healthy gain of 4-5% - a notable improvement over the 3.6% gain in August 2013," he added.
Posted: August 19, 2014 Tuesday 07:45 AM