Research >> Economics
ICSC Chain Store Sales rose by 1.5% in Sept 7 Wk
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Consumers seemed to have shaken off their summer sales slump and got back into the swing of things as weekly sales bounced back this past week. Overall for the week ending September 7, 2013 weekly sales rose by 1.5%, according to on the International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index. On a year-over-year basis sales also were stronger and rose by 2.3%.
"Sales for the first week of September bounced back after the softness the industry experienced late in August," said Michael Niemira, ICSC vice president of research and chief economist. "Business was largely stronger across most categories than the prior week, but consumer staples appeared to be the main driver of sales with grocery, drug and wholesale clubs taking the lead this past week," Niemira added.
For September ICSC Research anticipates that monthly sales will to grow about 4.0%--about in line with the 3.6% pace for August.
Posted: September 10, 2013 Tuesday 07:45 AM