Research >> Economics
ICSC Chain Store Sales rose 0.1% in Jul 12 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index rose by 0.1% for the week ending July 12 - relative to its prior week - marking its fifth consecutive sequential weekly gain. On a year-over-year basis, sales momentum accelerated to a strong +4.5% compared to the same week of the prior year.
"Business for the past week was up sharply for most segments," noted Michael Niemira, ICSC research consultant. "Dollar stores, wholesale clubs, and electronics retailers in particular saw stellar strength over the week, but very impressive strength was also seen for drug, department, apparel, discounters, and furniture stores relative to the same week of the prior year. Looking ahead, July sales should see growth of around 3-4%," he added.
Posted: July 15, 2014 Tuesday 07:45 AM