Research >> Economics
ICSC Chain Store Sales rose 3.0% in Dec 13 Wk
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index rose 3% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis.
The recent volatility reflects increased promotions of the season, according to Michael Niemira, ICSC research consultant.
"Consumers actually reported being considerably behind on their shopping compared to the same week last year--so the last few shopping days prior to Christmas should be robust," he added.
On a year-to-year basis, the weekly reading increased 1.1%
Posted: December 16, 2014 Tuesday 07:45 AM