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ICSC Chain Store Sales rose 0.1% in Sept 26 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 0.1% in the week ended Saturday from its level a week before on a seasonally adjusted, comparable-store basis.
"Over the last week customer traffic picked up and as a result so did sales," said ICSC chief economist Michael P. Niemira. On a year-on-year basis, retailers saw sales rise 0.9% in the latest week. The trade group still expects industry sales, excluding Wal-Mart Stores Inc. (WMT), to be down 2% this month from a year earlier.
Posted: September 29, 2009 Tuesday 07:45 AM