Research >> Economics
ICSC Chain Store Sales rose 0.6% In Sept 5 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 0.6% in the week ended Saturday from its level a week before on a seasonally adjusted, comparable-store basis. On a year-on-year basis, retailers saw sales decrease 0.1% in the latest week, with the decline moderating from recent weeks.
Michael P. Niemira, ICSC chief economist, said sales picked up last week "as the cooler-than-normal weather combined with the later start of the school year in some parts of the country helped to drive traffic." He added, "Although easier comparisons in September will help to improve the trend for the month, ICSC Research still expects sales will be down about 2%" from last year.
Posted: September 9, 2009 Wednesday 07:45 AM