Research >> Economics
ICSC Chain Store Sales rose 3.1% in Dec 20 Wk
Estimates from the International Council of Shopping Centers showed that retailers could benefit from a last-minute shopping surge despite what the group called a “historically low” 11 percent of consumers who have yet to start buying holiday gifts. Sales in the week ended Saturday Dec. 20 rose 3.1 percent over the year-ago period, according to the ICSC and Goldman Sachs Weekly Chain Store Sales Index.
“The late shopping surge should continue all the way through Christmas Eve,” Michael Niemira, a research consultant at ICSC, said today in a statement.
Posted: December 23, 2014 Tuesday 07:45 AM