Research >> Economics
ICSC Chain Store Sales down 0.5% in Jun 19 Wk
Despite the Father’s Day sales catalyst over the latest week, consumers were more cautious in their spending over this past week. For the week ending June 19 retailers saw their sales slip slightly for the second week by 0.5 percent, according to the ICSC-Goldman Sachs weekly sales index. On a year-over-year basis sales moderated to 2.5 percent but overall remained positive.
“Customer traffic moderated from the same week of last year and with it weekly sales slipped,” said Michael Niemira, ICSC director of research and chief economist. “Although the weekly sales pace seemingly has slowed a tad in recent weeks, the month’s easy comparisons is why ICSC Research continues to expect sales will increase by 3.0 to 4.0 percent,” Niemira added.
Posted: June 22, 2010 Tuesday 07:45 AM