Research >> Economics
ICSC Chain Store Sales increased by 0.3% in Oct 25 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 2.8% for the week ending October 25 - relative to the prior year. On a week-over-week basis, sales increased 0.3%.
"Business over the past week was strong at department stores, wholesale clubs and electronics stores," said Michael Niemira, ICSC research consultant. "While the receding gasoline prices may not have a massive impact week-to-week, the cumulative effect should strongly benefit the upcoming holiday shopping season as consumers should have additional discretionary income," he added.
Posted: October 28, 2014 Tuesday 07:45 AM