Research >> Economics
ICSC Chain Store Sales increased by 1.5% in Nov 8 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 2.1% for the week ending November 8 - relative to the prior year. On a week-over-week basis, sales increased by 1.5%.
"Department and electronics stores lead the way this week," said Michael Niemira, ICSC research consultant. "Consumers are still seeing a huge break at the gas pump, with the average price per gallon hitting its lowest point since November 29, 2010 - something that certainly bodes well for the upcoming holiday shopping season as more discretionary income should be available," he added.
Posted: November 11, 2014 Tuesday 08:30 AM