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ICSC Chain Store Sales up 1.1% In Jan 17 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 1.1% in the week to January 17 from its level a week before, on a seasonally-adjusted, comparable store basis. On a year-on-year basis, retailers saw sales decline by 1.8% in the latest week.
"Sales volatility continued on a week-over-week basis, while year-over-year trends for January remained sluggish," said Michael P. Niemira, ICSC chief economist. "Being a low volume month with little incentive to spend will continue to make January a tough month for retailers."
Posted: January 21, 2009 Wednesday 07:47 AM