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ICSC Chain Store Sales decline by 1.5% in Jan 19 Wk
The ICSC‐Goldman Sachs (ICSC‐GS) chain store sales index for the week ending January 19, 2013 dropped by 1.5% from the prior week, but on a year‐over‐year pace remained robust at 3.2%. Business was mixed by retailer segment over the past week compared with the same period of the prior year. Department, apparel and grocery stores improved, but discounters, drug, office and furniture store business was weaker.
Weather and gasoline prices were relatively neutral factors during the week. According to Weather Trends, Inc. (WTI) the U.S. average nationwide temperature was exactly the same as last year and 2.1°F above normal. Gasoline prices were relatively steady over the latest reading for January 21 versus the prior week.
Posted: January 23, 2013 Wednesday 07:45 AM