Research >> Economics
ICSC Chain Store Sales rose by 1.3% in Mar 8 Wk
Retail sales roared like a lion during the past week ending March 8, 2014. Sales rose by a solid 1.3%, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index. Sales also improved on a year-over-year basis, up 2.1% in the latest period, after a soft patch during the prior two weeks.
"Sales received a nice lift over the past week as consumers were more motivated to shop, according to the ICSC-GS consumer tracking survey," said Michael Niemira, ICSC vice president of research and chief economist. "Although adverse winter weather continued to play havoc regionally, a bout of extremely warm temperatures in the West (the warmest in more than 23 years, according to Weather Trends International) was favorable for spring seasonal categories," added Niemira.
For March ICSC Research expects monthly comparable store sales will increase by about 3.0%.
Posted: March 11, 2014 Tuesday 07:45 AM