Research >> Economics
ICSC Chain Store Sales decreased by 1.6% in Nov 1 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 1.8% for the week ending November 1 - relative to the prior year. On a week-over-week basis, sales decreased by 1.6%.
"Most segments produced modest gains this week, except for electronics which remained quite strong," said Michael Niemira, ICSC research consultant. "Weather seemingly curbed consumer demand in seasonal categories this week. However, as the weather gets cooler - and with the traditional start to the holiday shopping season starting in earnest during the coming week - we should see an uptick in sales," he added.
Posted: November 4, 2014 Tuesday 07:45 AM