Research >> Economics
ICSC Chain Store Sales decreased by 0.3% in Oct 18 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 2.1% for the week ending October 18 - relative to the prior year. On a week-over-week basis, sales decreased by 0.3%.
"Business over the past week was strong for electronic stores, apparel stores, and discounters," said Michael Niemira, ICSC research consultant. "Gasoline prices remained low, down a hefty 7.1% from the same week of the prior year. Continuing to get a break at the pump should bode well for healthy discretionary spending as we inch closer to entering the traditional holiday shopping period," he added.
Posted: October 21, 2014 Tuesday 07:45 AM