Research >> Economics
ICSC Chain Store Sales rose by a solid 1.7% in Jul 5 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index rose by a solid 1.7% for the Independence Day Holiday week ending July 5 - relative to its prior week. On a year-over-year basis, sales increased by a healthy 3.3% compared to the same week of the prior year.
"Consumers were undeterred by somewhat unfavorable weather, as business was up sharply at apparel-specialty stores and wholesale clubs, while drug, department, electronics, office, and furniture stores saw solid gains," noted Michael Niemira, ICSC research consultant. "The month certainly ended on a high note, and while ICSC's June expectations remain the same, there is some bias towards a slightly stronger increase for the month," he added.
For June, ICSC Research expects sales will continue to post solid figures, increasing by 3.5% over the previous year. Fiscal month sales will be reported on July 10.
Posted: July 8, 2014 Tuesday 07:45 AM