Research >> Economics
ICSC Chain Store Sales dropped by 2.6% in Sept 13 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 3.0% for the week ending September 13 - relative to the prior year. On a week-over-week basis, sales dropped 2.6%.
"According to the ICSC-GS consumer tracking survey business over the past week was healthy overall and strong for wholesale clubs, dollar, discount, electronics, and furniture stores," said Michael Niemira, ICSC research consultant. "This past week saw the tail end of back to school demand and is still a bit before fall apparel demand will fully kick in. With both back to school and fall apparel mixing in throughout the month, I expect sales to continue to show a healthy trend - increasing by 4-5%," he added.
Posted: September 16, 2014 Tuesday 07:45 AM