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ICSC Chain Store Sales was flat In Sept 12 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index was flat 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 rise 1.6% in the latest week, with the decline moderating from recent weeks.
Michael P. Niemira, ICSC chief economist, attributed that jump to easier comparisons, mild weather and slighty better demand. He reiterated that in part because of weakness last year, sales declines for this month should be about 2%.
Posted: September 15, 2009 Tuesday 07:45 AM