Research >> Economics
ICSC Chain Store Sales increased by 0.2% in Jul 26 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 0.2% for the week ending July 26 - relative to its prior week. On a year-over-year basis, sales accelerated rapidly by 4.6% compared to the same week of the prior year.
"There was impressive strength in business for department, apparel, and electronic stores which were all helped by back-to-school shopping," noted Michael Niemira, ICSC research consultant. "With the very strong end to the month, I expect sales for July to now come in on the high end of the original forecast, and increase by 4%," he added.
Posted: July 29, 2014 Tuesday 07:45 AM