Research >> Economics
ICSC Chain Store Sales decreased by 1.4% in Aug 9 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 3.2% for the week ending August 9 - relative to the prior year. On a weekly basis, sales decreased 1.4% compared to the previous week.
"Business was a bit more mixed this past week, with electronic stores leading the way from a performance standpoint," said Michael Niemira, ICSC research consultant. "The good news is that consumers are continuing to get a break at the pump, which will free up their ability to spend on back-to-school purchases. I expect sales for August to show a healthy gain of 4% to 5% - a notable improvement over the 3.6% gain in August 2013," he added.
Posted: August 12, 2014 Tuesday 07:45 AM