Research >> Economics
ICSC Chain Store Sales up 0.8% in Sept 11 Wk
After 15 weeks of hotter than normal weather, the arrival of cooler weather provided a much needed spark to consumer spending. As a result, retailers finally saw their weekly chain store sales rise once again. According to the ICSC and Goldman Sachs Weekly Chain Store Sales Index, for the week ending September 11, weekly sales rose by 0.8 percent overall. On a year-over-year basis, sales improved and rose to 2.6 percent.
"A recent bout of seasonally cool weather finally provided the lift in seasonal demand for fall and back-to-school apparel spending which retailers were waiting for," said Michael Niemira, ICSC director of research and chief economist. "Overall, sales for September are on track for an industry-wide increase of about.3.0 percent," Niemira added.
Posted: September 14, 2010 Tuesday 07:45 AM