Research >> Economics
ICSC Chain Store Sales up 0.2% in Apr 24 Wk
The International Council of Shopping Centers (ICSC) reported that chain store sales rose for the sixth consecutive week. Retailers enjoyed another sales increase overall as weekly sales improved by 0.2 percent, according to the ICSC-Goldman Sachs weekly sales index for the period ending April 24. On a year-over-year basis sales had a marked improvement from the prior week’s pace and rose by 5.5 percent.
“Sales continued to improve over the latest week, helped by robust customer traffic, especially at discounters, department and apparel stores,” said Michael Niemira, ICSC director of research and chief economist. “The release of pent-up demand continues to help lift the underlying spending profile for todays consumers. For April, ICSC Research continues to expect monthly sales to be flat to down 3.0 percent,” Niemira added.
Posted: April 27, 2010 Tuesday 07:45 AM