Research >> Economics
ICSC Chain Store Sales increased by 2.2% in Nov 22 Wk
The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index increased 1.7% for the week ending November 22 - relative to the prior year. On a week-over-week basis, sales increased rapidly by 2.2%.
"Early Black Friday promotions helped propel sales on a week-over-week basis," said Michael Niemira, ICSC research consultant. "Weather was a bit of a mixed-bag over the past week for retailers as colder weather got the consumer in the winter apparel mindset - however extreme weather in some parts of the country curbed consumers' ability and desire to shop," he added.
Posted: November 25, 2014 Tuesday 07:45 AM